ConsenSys developer Ben Edgington has published an update that predicts the ETH 2.0 beacon chain genesis will happen within the next six to eight weeks. In a post announcing the launch of ‘V1.0.0 release candidate 0’, Edgington revealed the protocol’s deposit contract address feature should be announced this week. The deposit contract allows ETH to be sent between Ethereum and ETH 2.0, and is one of the few remaining updates needed to facilitate the roll-out of ETH 2.0 phase 0:However, the PegaSys engineering group developer emphasized his prediction “is not an official statement.”To complete phase 0’s launch, 500,000 Ether will need to be locked for staking after the beacon chain goes live, followed by a week-long genesis delay to give the network time to prepare. According to Edgington, the new release also strengthens Ethereum against denial-of-service attacks, implements the genesis delay and a temporary quadrupling of penalty fees. Penalties were increased in response to the “slightly bumpy” genesis “dress rehearsal” on the Spadina test network at the end of September, and what is now “very low participation” on the Medalla testnet. The developer described the fee hike as “a temporary measure to give stakers more confidence in case we hit trouble.” Despite low testnet participation, Edgington firmly believes the network is ready to transition into phase 0:Edgington’s post comes after a successful trial on the Zinken testnet last week, which Set Protocol’s Anthony Sassano described as the “second last dress rehearsal testnet before we finally set an ETH 2 phase 0 mainnet launch date.”
All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/ethereum-2-0-deposit-contract-to-launch-this-week-consensys-dev
#eth #trezorwallet #ethereumtradingview #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange
Ethereum could see price surge to $5,000 and even $10,000 in the next Crypto parabolic bull run. Eth is getting adoption by companies such as Microsoft, Amazon, EY and more. With the ConsenSys acquisition of JP Morgan’s Quorum blockchain it positions Ethereum to be used by major Banks.
BitGo Applies to Be Regulated Custodian in New York State and Binance.US Expands Into Florida.
🚀 Get the Ledger Nano X to Safely store your Crypto – https://www.ledgerwallet.com/r/acd6
🔥 Become a Channel Member – https://www.youtube.com/channel/UCjpkwsuHgYx9fBE0ojsJ_-w/join
💥 Download Brave Browser to Earn Free Basic Attention Tokens – https://brave.com/thi921
⚡️ Earn Free Bitcoin while shopping – https://lolli.com/ref/thinkingcrypto
🚀 Sign up for Binance US to purchase Crypto – https://www.binance.us/?ref=35098278
🔥 Get $25 off your Coinmine One purchase – https://coinmine.com/thinkingcrypto
🔥 Follow on Twitter – https://twitter.com/ThinkingCrypto1
🔥 Follow on Facebook – https://www.facebook.com/thinkingcrypto/
🔥 Website – http://www.ThinkingCrypto.com/
=================================================
Must Watch Videos!
– Interview with CZ Binance CEO – https://youtu.be/mF-iCOlnL_8
– Andreas Antonopoulos Interview – https://youtu.be/8nvXq5m4vM8
– Interview with Cameron & Tyler Winklevoss – https://youtu.be/jZ5YNxLfBuw
=================================================
#Ethereum #JPMorgan #Crypto #Cryptocurrency #Quorum #ConsenSys #Blockchain #Binance #Florida #BitGo
=================================================
Disclaimer – Thinking Crypto and Tony are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.
Dec 4th Crypto Daily News Recap – Ripple, CoinMarketCap, ConsenSys, ErisX, US Treasury and Korea Tax Plans [VIDEO] – https://bitcoinexchangeguide.com/dec-4th-crypto-daily-news-recap-ripple-coinmarketcap-consensys-erisx-us-treasury-and-korea-tax-plans-video
Conflicting Crypto Community Confusion Ensues on How Ripple Created the XRP Token
https://bitcoinexchangeguide.com/conflicting-crypto-community-confusion-ensues-on-how-ripple-created-the-xrp-token/
Is Ripple Bigger than Bitcoin? XRP Investors Seem to Think So Citing CoinMarketCap Manipulation
https://bitcoinexchangeguide.com/is-ripple-bigger-than-bitcoin-xrp-investors-seem-to-think-so-citing-coinmarketcap-manipulation/
Blockchain Builder Daniel Larimer Talks About Not Leaving EOSIO and Innovating in the Open
https://bitcoinexchangeguide.com/blockchain-builder-daniel-larimer-talks-about-not-leaving-eosio-and-innovating-in-the-open/
ConsenSys Blockchain Software Company Unveils New 2.0 Strategy for its Future
https://bitcoinexchangeguide.com/consensys-blockchain-software-company-unveils-new-2-0-strategy-for-its-future/
Under the Hood of Ripple CEO Comments: Big Banks Using XRP-Based xRapid Payment Technology
https://bitcoinexchangeguide.com/under-the-hood-of-ripple-ceo-comments-big-banks-using-xrp-based-xrapid-payment-technology/
Money Button CEO: Every Problem Bitcoin Faces can be Solved with Bitcoin-based Businesses
https://bitcoinexchangeguide.com/money-button-ceo-every-problem-bitcoin-faces-can-be-solved-with-bitcoin-based-businesses/
Ripple and NEM to Open EU Blockchain Association in Effort to Make Good by Crypto Regulators
https://bitcoinexchangeguide.com/ripple-and-nem-to-open-eu-blockchain-association-in-effort-to-make-good-by-crypto-regulators/
What is a “Crypto Nuclear Winter”? Are Bitcoin Investors in for an Even Longer Bear Market Cycle?
https://bitcoinexchangeguide.com/what-is-a-crypto-nuclear-winter-are-bitcoin-investors-in-for-an-even-longer-bear-market-cycle/
IOTA Foundation to Utilize Riddle&Code Blockchain Hardware and Software Company for Tangle
https://bitcoinexchangeguide.com/iota-foundation-to-utilize-riddlecode-blockchain-hardware-and-software-company-for-tangle/
OriginTrail Network and Oracle Blockchain Cloud Service Enter a Technology Partnership
https://bitcoinexchangeguide.com/origintrail-network-and-oracle-blockchain-cloud-service-enter-a-technology-partnership/
Blockchain Companies Face Complications When Attempting to Open Bank Accounts in the UK
https://bitcoinexchangeguide.com/blockchain-companies-face-complications-when-attempting-to-open-bank-accounts-in-the-uk/
We Can Only Blame Ourselves for the Recent Crypto Winter and Bitcoin Market Bloodbath
https://bitcoinexchangeguide.com/we-can-only-blame-ourselves-for-the-recent-crypto-winter-and-bitcoin-market-bloodbath/
Bitcoin Payment Speed Used to be a Huge Driving Force but Traditional Systems are Improving Too
https://bitcoinexchangeguide.com/bitcoin-payment-speed-used-to-be-a-huge-driving-force-but-traditional-systems-are-improving-too/
Hyperledger Releases ‘Ursa’ as an Open Source Blockchain Toolbox Library for Crypto Developers
https://bitcoinexchangeguide.com/hyperledger-releases-ursa-as-an-open-source-blockchain-toolbox-library-for-crypto-developers/
ErisX Crypto Exchange’s Secures $27.5 Million Led by Fidelity, Nasdaq, Bitmain, ConsenSys and More
https://bitcoinexchangeguide.com/erisx-crypto-exchanges-secures-27-5-million-led-by-fidelity-nasdaq-bitmain-consensys-and-more/
New South Korean Finance Minister Reveals Cryptocurrency and ICO Token Tax Plans
https://bitcoinexchangeguide.com/new-south-korean-finance-minister-reveals-cryptocurrency-and-ico-token-tax-plans/
Real Time Blockchain Payments are Coming to New York with Signature Bank’s Signet Platform
https://bitcoinexchangeguide.com/real-time-blockchain-payments-are-coming-to-new-york-with-signature-banks-signet-platform/
US Treasury Official Urges Global Crypto Regulators to Use America’s Blockchain Enforcement Lead
https://bitcoinexchangeguide.com/us-treasury-official-urges-global-crypto-regulators-to-use-americas-blockchain-enforcement-lead/
New Tribe Accelerator Blockchain Program by Enterprise Singapore, ICON and PwC Venture Hub Launches
https://bitcoinexchangeguide.com/new-tribe-accelerator-blockchain-program-by-enterprise-singapore-icon-and-pwc-venture-hub-launches/
Billionaire Crypto Investor to Lead Hong Kong Stock Exchange-Listed Grandshores Blockchain Company
https://bitcoinexchangeguide.com/billionaire-crypto-investor-to-lead-hong-kong-stock-exchange-listed-grandshores-blockchain-company/
