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

News
Wed, 05/27/2020 - 14:31
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?
Cover image via stock.adobe.com
Contents

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.

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.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

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.)