{"id":28149,"date":"2020-07-24T08:46:00","date_gmt":"2020-07-24T06:46:00","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=28149"},"modified":"2020-07-24T08:46:00","modified_gmt":"2020-07-24T06:46:00","slug":"ethereum-core-developers-announce-tentative-launch-date-for-eth2-0-final-testnet-medalla","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-core-developers-announce-tentative-launch-date-for-eth2-0-final-testnet-medalla\/","title":{"rendered":"Ethereum Core Developers Announce Tentative Launch Date for Eth2.0 Final Testnet \u2018Medalla\u2019"},"content":{"rendered":"<p style=\"text-align: justify\"><strong>Ethereum\u2019s Medalla testnet launch date and time has been set<\/strong> according to a recent <a href=\"https:\/\/blog.ethereum.org\/2020\/07\/23\/eth2-quick-update-no-13\/\" target=\"_blank\" rel=\"noopener\">blog post<\/a> by Ethereum Foundation\u2019s Eth2.0 lead developer Danny Ryan.<\/p>\n<p style=\"text-align: justify\"><!--more--><strong>This will be on or later than August 4<sup>th<\/sup> at 1 pm UTC.<\/strong> According to Ryan, this is only a tentative date and time subject to change depending on two critical parameters: minimum genesis time and total testnet validators on the network. The\u201d MIN_GENESIS_TIME is the earliest the chain can start\u201d and this has been set to 48 hours before the actual launch of the testnet.<\/p>\n<p style=\"text-align: justify\">Additionally, the minimum number of network validators to trigger the MIN_GENESIS_TIME parameter is 16,384 each staking 32 ETH (total of 524,288 ETH to be staked for the Medalla testnet to launch).<\/p>\n<p style=\"text-align: center\"><em>\u201cIn sum, genesis will happen 48 hours after both conditions are met,\u201d Ryan reiterated. \u201cWe\u2019ll all be on our toes, watching deposits, and when the genesis time is known, we will make a bunch of noise about it\u2026 We\u2019ll also be releasing a version of the validator \u201cLaunchpad\u201d for Medalla \u2013 an educational interface for validators to make deposits.\u201d<\/em><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-28154\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/eth2.jpg\" alt=\"eth2\" width=\"699\" height=\"250\"><\/p>\n<p style=\"text-align: justify\"><strong>The successful deployment of Medalla is critical for the launch of Ethereum 2.0 since Medalla is designed to function exactly how Eth2.0 will once it launches.<\/strong> This is right down to the validators and multi-client provisions.<\/p>\n<p style=\"text-align: justify\">At least 4 testnet clients have been confirmed to be available currently with two more in later stages of deployment.<\/p>\n<p style=\"text-align: center\"><em>\u201cWe\u2019ll have no fewer than four clients fully running at genesis \u2013 lighthouse, nimbus, prysm, and teku.\u201d The other two whose development is almost complete are \u2018trinity\u2019 and \u2018lodestar\u2019.<\/em><\/p>\n<p style=\"text-align: justify\">According to Ryan, the Medalla testnet is different from the previous Eth2.0 testnet in one major way \u2013 it will be community-driven. This means that the validators will be fully in charge of the operation of the clients and the network.<\/p>\n<p style=\"text-align: justify\">Previous testnets used clients referred to as \u2018devnets\u2019 and as the name eludes, these were run by the client development teams. Community members were not at liberty to join the testnets as freely as the Medalla testnet will allow.<\/p>\n<p style=\"text-align: center\">\u201cThe stability and health of the chain will be almost entirely in the community\u2019s hands,\u201d he said.<\/p>\n<p style=\"text-align: justify\">The announcement comes days after three of the Medalla testnet clients lighthouse, prysm and teku launched public attack-nets with bounties for white hat hackers to try and break them. Each client staked $5K for a successful hack.<\/p>\n<p style=\"text-align: center\"><em> \u201cThese initial attacknets are purposefully simple (1 client each) and small (4 nodes each) so they should be pretty easy to take down.\u201d<\/em><\/p>\n<hr>\n<p style=\"text-align: center\"><em>If you found this article interesting, here you can find more<strong><a href=\"https:\/\/crypto-economy.com\/cryptocurrencies\/ethereum-news\/\"> Ethereum News<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum\u2019s Medalla testnet launch date and time has been set according to a recent blog post by Ethereum Foundation\u2019s Eth2.0 lead developer Danny Ryan.<\/p>\n","protected":false},"author":12,"featured_media":28156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[4679],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/28149"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=28149"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/28149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/28156"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=28149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=28149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=28149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}