Ethereum is testing ETH and ETH 2.0 blockchains

Ethereum co-founder Vitalik Buterin reported on the achievements of developers in ensuring the compatibility of the twoseparate cryptocurrency chains, old and new, that will work together in the future.

“Work on the “eth1 -> fusion” eth2" is already underway", he wrote.

Work on «the eth1 -> eth2 merge» is already happening. https://t.co/TfErDqcc9B

- vitalik.eth (@VitalikButerin) July 23, 2020

Vitalik Buterin left his comment underFrom the post of project lead developer Danny Ryan, who posted screenshots of how the merging of the two nets will look at the code level.

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Ryan also confirmed that the final testMedalla's Ethereum 2.0 network is gearing up to launch on August 4th. He explained that Medalla is significantly different from the Altona testnet currently in use, as it is "built for and supported by the community." Previous testnets were considered "devnets", that is, they were primarily targeted at developers, clients and researchers of the Ethereum Foundation.

Medalla's launch condition is the presence of 16,384 validators, which must contribute 524,288 test ETH for staking. If this requirement is not met by August 2, the launch will have to be postponed.

Fast start Ethereum 2.0 and the associated scalability and performance benefits are gaining momentum with the growth in cryptocurrency network activity. According to Glassnode, daily gas use is constantly updating its highs and has been above the 70 billion mark for the past month. In comparison with the levels of the beginning of the year, the indicator has doubled.

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“Ethereum network fees are reaching newrecords. The incredibly high transaction costs are becoming a heavy burden for users and an obstacle to decentralized finance. This is a great opportunity to show yourself to an alternative solution ", wrote Da Hongfei, co-founder of rival platform NEO.

The gas fee on Ethereum is approaching its newrecord. This ridiculously expensive cost becomes a heavy burden to users and an obstacle of defi transactions. It's a golden window for alternative solution to overtake. pic.twitter.com/TjrrZGsSYQ

- Da Hongfei (@dahongfei) July 23, 2020

Ethereum supporters also acknowledge the problem:

"DeFi and Ethereum are not yet ready for mass distribution- said the co-founder of EthHub Anthony Sassano.

If you play with them now, consider yourself a pioneer of a new technology. This is the reality. The situation will improve over time. Don't miss the main thing. "

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