The first phase of Ethereum 2.0: the “signal chain” is launched – Beacon Chain
The first phase of Ethereum 2.0 – the “signal chain” (Beacon Chain) was launched on December 1 at 15:00 Moscow time. The capabilities of Ethereum 2.0 will expand as the following phases are deployed.
Beacon Chain Ethereum 2.0 was launched a week after more than 524,288 ETH were blocked in Ethereum 2.0’s deposit contract, and more than 16,384 validators expressed their readiness to join the network. At the time of launch, 881,569 ETH were blocked in the deposit contract, and 21,063 validator nodes are active in the main network.
Co-founder of Efirium Vitalik Buterin wrote about the event on his Twitter. He joked that in the first block of the new network on the PoS there are no significant reports “about some giant races for humanity or something like that.”
Normal people: we should really put something profound in the first block of the ethereum PoS chain, something about giant leaps for mankind or whatever.
Ethereum community: pic.twitter.com/cOu94fUPE9
— vitalik.eth (@VitalikButerin) December 1, 2020
According to the Ethereum Foundation website, ETH holders do not need to take any action with their assets:
“You don’t need to do anything about the ETH you already have. Beware of fraudsters who ask you to send ETH to exchange them. “
Until further updates, regular users will hardly notice any changes in the network. With phase 0 begins the transition of Ethereum to consensus proof of share (Proof-of-stake, PoS). ETH owners can block them for stealing and participate in the network as validators, receiving rewards for confirming blocks. Earlier, the editors of Bits.media prepared a guide on how to take part in the steaking of Ethereum 2.0.
The next stage in the deployment of Ethereum 2.0 will be the creation of chains of chards – this could happen in 2021. In 2021 or 2022, Phase 1.5 should be launched, after which ETH 1.0 and ETH 2.0 will be combined.
Some major exchanges have already announced support for stealing and coin trading. ETH2 The American cryptocurrency exchange Coinbase said that exchange customers will be able to convert ETH into ETH2 using their account and receive a reward for stealing.
