With the release of the Ethereum 2.0 Final Test Network on August 4th Developers have opened the doors for validators.
According to an Ethereum blog dated July 27th The research team behind ETH 2.0 has announced the launch of the Validator Launch Pad for the Multi-Client Test Network Medal. The start ramp is part of the start phase of the test network before phase 0 in that will move the network to Proof of Stake (PoS).
“We’re launching it now so they can track the next Medal multi-client test network and make deposits.”, stated in the blog. “But We will continue to refine the interface in advance of the start of the main network “
Steps before start
In the next phase, participants and their credit will be monitored to support the validation of the test network. Users must enter at least 32 ETH to run a validation node. ETH 2.0 coordinator Danny Ryan said that The medal only begins when at least 16,384 examiners pass at least 524,288 ETH. If the test network is not reached by August 2, it will start 48 hours after this milestone.
Trustnodes reported about it today More than 150,000 ETHs were manufactured in warehouses, which means that the test network has approximately 30.5% of the required validators be ready to start next week.
Ethereum activity and price before 2.0
The trading volume in the Ethereum blockchain was recently switched to Bitcoin (BTC) for the first timeThe more users turn to DeFi tokens and stablecoins. Although the price of the Ethereum (ETH) did not rise completely in the second quarter, the token follows BTC’s lead this week;; It reached a new annual high of $ 326 today when Bitcoin exceeded $ 11,000.