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Ethereum 2.0 is getting closer with the new start of the “Onyx” test network

June 10, 2020

The blockchain company Prysmatic Labs announced the launch of a new test network for the Ethereum 2.0 blockchain.

According to an announcement on June 10, Prysmatic Labs is launching the Onyx Ethereum 2.0 test network, which is an improvement over the previous Topaz test network.

The last step before starting the mainnet

According to the announcement, Onyx Test Network is the latest update before the release of the first Ethereum 2.0 Core Network. In addition, this network supports multiple distributions of client software.

Ethereum 2.0 is getting closer with the new start of the “Onyx” test networkEthereum 2.0 is getting closer with the new start of the “Onyx” test network

Onyx improves the processing of network messages and complies with the latest Ethereum 2.0 specifications. Prysmatic Labs also announced that it will soon shut down its Topaz validation nodes and send deposits to begin using the Onyx network.

Staking Ethereum is a future feature of Ethereum 2.0 that allows Ether (ETH) owners to run nodes that commit new blocks to the network for rewards, similar to mining. The execution of these nodes requires that the user have a certain minimum amount of coins. If the node tries to behave badly, its properties are reduced.

The long awaited release of Ethereum 2.0 is just around the corner

This latest update brings the Ethereum community one step closer to launching the highly anticipated Ethereum 2.0 network, which many hope will lift the blockchain’s scalability constraints.

Even so, Many fear that the release of Ethereum 2.0 will be delayed again. May reports indicate that the launch of the network’s proof-of-stake algorithm has been postponed for the current month. Previously, some suggested that launching this algorithm could trigger ether price recovery.