The first phase of Ethereum 2.0, the long-awaited upgrade to the smart contract platform, is nearly ready to launch. That’s according to smart contract auditing company Quantstamp, which has completed an audit of Ethereum 2.0 client Teku. Ethereum 2.0 is an update aimed at addressing Ethereum’s scalability and security through switching to a proof of stake consensus mechanism. Delivering Phase 0 of Ethereum 2.0 before the end of 2020 is a long-standing goal of the Ethereum community—but that’s just the start. There’s a long roadmap ahead before the full version of Ethereum 2.0 goes live.
Quantstamp Says Ethereum 2.0 Ready for Launch
The announcement followed an audit of Teku, the Ethereum 2.0 client developed by ConsenSys.
|What is Ethereum 2.0 and Why Does It Matter?The long-planned upgrade to the Ethereum network aims to solve problems with the network’s scalability and security. In its first phase, the blockchain “world computer” will switch to a proof of stake consensus mechanism.|
|Ethereum 2.0 will walk and ‘roll’ for two years before it can runEthereum must rely on current scaling methods for at least a couple of years before its next major upgrade will be ready, says creator Vitalik Buterin.|
|Ethereum: the next five yearsFrom DeFi to proof-of-stake: what’s in store for the second-biggest cryptocurrency, and what projects are building on Ethereum.|
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