Staking in the Ethereum 2.0 blockchain will be launched in July 2020

The functionality of the Proof-of-Stake consensus mechanism in the Ethereum 2.0 network can be activated as early as July, writes Decryptwith a link to the client developer for the new cryptocurrency blockchain Ben Edgington.

“The signal circuit is the beginning of the path. This is the self-sustaining Proof-of-Stake chain. Its launch may occur in a few weeks or months. But I’m 80-90% sure that it will start by the third quarter ”Said Edgington during the Ethereal virtual summit.

The beacon chain or signal chain is the mainelement of the zero phase of Ethereum 2.0. In it, users will be able to stake their assets to ensure the security of the system and earn rewards.

During the event, the developer also spokeWill Villanueva. He talked about the next phases of Ethereum 2.0 launch. “Phase 1” is the implementation of sharding technology and the creation of 64 shards, each of which will have a bandwidth of 500 Kb. For comparison, the block limit in the existing Ethereum network is about 25 Kb.

"Phase 1.5" will be the merger of Eth 1.0 with Eth 2.0. The existing blockchain will become one of the shards in the new system. During Phase 2, various Ethereum 2.0 applications and chains will communicate with each other.

Edgington noted that from this moment real difficulties begin in ensuring the operability of the new network.

“Compatibility is much more complex than single-client test networks. Test networks based on many clients exhibit all sorts of minor inconsistencies that disrupt performance ”, - he said.

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