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Ethereum (ETH) 2.0 Brand-New Witti Testnet Launched. Last One Before Beacon Chain?

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Wed, 05/27/2020 - 14:31
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Vladislav Sopov
Shortly after Schlesi, the first multi-client testnet for Ethereum (ETH) 2.0, forked, its successor Witti started on-boarding testnet validators
Ethereum (ETH) 2.0 Brand-New Witti Testnet Launched. Last One Before Beacon Chain?
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Afri Schoedon, a seasoned Ethereum (ETH) ecosystem contributor and evangelist of its Goerli testnet, has announced that Ethereum (ETH) 2.0 testing progress has entered its v.0.11.3 stage with the Witti testnet.

Welcome to Witti

Mr. Schoedon broadcasted the process of the new ETH2 multi-client testnet launch in his Twitch. The new testnet is named Witty.

The main testnet GitHub repository, which is located in the Goerli directory, indicates that Witty has on-boarded three clients so far. They are Lighthouse, Prysm and Teku. The connection and synchronization of Nimbus and Lodestar is in progress. 

Also, Cortex and Trinity are on the waiting list. Developers have informed that the Schlesi testnet is closed due to multiple consensus issues and will no longer be maintained. 

However, it will be kept around for debugging purposes.

Transparency from day one

The new testnet is already being indexed by the Beacon Chain explorer. It has 83 validators onboard and 2,624 ETH staked in total.

Members of the Ethereum (ETH) community welcomed the new release and highlighted that it is one more step towards the launch of Beacon Chain, the initial stage of the long-awaited Ethereum (ETH) 2.0.

As we recently reported, Ethereum (ETH) 2.0 will likely be rolled out by the end of 2020

Referring to the accelerated boost in Ethereum (ETH) 2.0 progress, EF co-founder Vitalik Buterin highlighted that it is the result of multiple years of unseen hard work.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?

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Fri, 10/23/2020 - 09:24
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Vladislav Sopov
Grayscale, undisputed giant of institutional crypto investments, is celebrating another monstrous milestone, adding a nine-digit sum to AUM in 24 hours
Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?
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Grayscale is an investment company that provides the clients with an exposure to digital currency markets eliminating the need to buy tokens. The firm does it by selling shares of 'trusts' related to certain digital assets. The recently started FOMO has already brought Grayscale's 'asset under management' (AUM) values to previously unseen levels.

Grayscale assets are on steroids

In its most recent report shared in a tweet, Grayscale Investments stated that its net AUM now surpasses $7,300,000,000. Mostly, this upsurge should be attributed to the spikes of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) prices.

Grayscale adds $300M to its AUM in 24 hours
Image by Twitter

Its founder, CEO of Digital Currency Group Barry Silbert, unveiled that Grayscale’s holdings added a whopping amount of value in the last 24 hours.

Added a cool $300 million in AUM in one day

In terms of separate ‘trusts’, the most impressive increase is associated with Litecoin (LTC). Its value added almost 10% bringing its total to over $34 mln. 

Bitcoin (BTC) allocation surged above $6 bln with a 5% increase. Notorious Grayscale Ethereum Trust (ETHE) added 6% and now is valued at $942 mln.

PayPal assists Grayscale

By contrast, Stellar Lumens (XLM) and Bitcoin Cash (BCH) trusts witnessed mediocre increases of 2-3%. The only integral product of Grayscale, Large Cap Trust that unites the most valuable coins under its umbrella, therefore, added less than 4%.

The numbers of Grayscale Investments positions rocketed due to the rapid spike of crypto prices associated with PayPal’s decision to add major digital assets to its instrument toolkit.

As covered by U.Today previously, PayPal announced that Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) will be added as payment methods by the end of this year.

  

Following this surprising news, Bitcoin (BTC) revisited its multi-months high over $13,000. At press time, its price has slightly retraced and flirts with the $12,800 level.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)