ETH 2.0: latest news on the Ethereum update

The Ethereum update will be one of the most important events in the world of cryptomontages this year. Here are some details of the latest developments at ETH 2.0.

Last Tuesday, the Ethereum’s blog, published an update. It provides details about the Solidity Deposit Contract and the Altona Tesnet, among other features of the update.

According to information from several portals, the Bitcoin System 2.0 version will be in effect by the end of this year 2020. Its main characteristic is that the traditional Proof-of-Work (PoW) will give way to the Proof-of-Stake (PoS), bringing a radical change in the way ETH is extracted.

The latest news from ETH 2.0 explained in series

Since the beginning of June, the Ethereum’s blog has offered a column of articles referring to the latest of ETH 2.0. So far, 12 editions have been presented. If you are interested in knowing more details, we recommend you not to miss this series.

For now, we are going to talk about two of the most specific features of the update. The first one, the Solidity deposit contract. It contains the same public interface of Vyper, with some variations. Therefore, it becomes „a transparent change to all existing tools for customers and developers“.

The article explains that Solidity is almost a „line-by-line“ copy of the original Vyper contract. The details of the improvement in this update are being executed by a group of experts. The most important improvement is security.

In that sense, with Vyper, in simultaneous tests made by SonsenSys Diligence and Trail of Bits, multiple errors were found. Therefore, it has been necessary to make the respective improvements.

Scalability with Ethereum 2.0: all you need to know

The Altona multi-client Tesnet v0.12
This multi-client Tesnet, previous to ETH 2.0, is scheduled to be launched in seven days. According to the article, the network will be „fully controlled by the constituent client teams“. Moreover, after the launch, the address of the deposit contract will be made public so that it can be used at a wider level of participation.

After Altona, a larger, community-centric Tesnet will be launched with the mainnet configuration of at least 16,384 validators.