With the Ethereum 2.0 final testnet set to be launched on 4th August, developers have now opened the doors to validators.
In line with a recent official announcement published on 27th July, the research team behind ETH 2.0 has announced the launching of the validator launchpad for the multi-client testnet Medalla. The launchpad is a component of the testnet launch stage, before Phase 0, during which the network will move towards PoS [Proof-of-Stake].
“We’re releasing it now in order that you’ll keep track of, and make deposits into, the upcoming Medalla multi-client testnet,” the blog stated. “But we’ll still fine-tune the interface within the run-up to mainnet launch.”
Testing Prior Launching
The next phase will track participants and their balances to assist validate the testnet. Users meed to invest in a minimum of 32 ETH stake to run a validating node. ETH 2.0 coordinator Danny Ryan has said that Medalla will only start if a min. of 16,384 validators commit a min. of 524,288 ETH. If not reached by 2nd Aug., the testnet will launch 48 hours after its set milestone.
Ethereum Price Chart Prior 2.0 Release
The trading volume on the Ethereum blockchain recently passed that of Bitcoin [BTC] for the primary time as more users address towards DeFi tokens and stablecoins. Though the price of Ethereum [ETH] didn’t quite rally in Q2, the token is following BTC’s lead within this week, hitting a new yearly high of $326 USD today as Bitcoin passed $11k price mark.