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Ethereum (ETH) 2.0 'Closest to the Final' Specifications of v0.12 Released: Here's What New

News
Fri, 05/22/2020 - 14:03
Vladislav Sopov
Slowly but surely, Ethereum (ETH) 2.0 is chugging towards its mainnet release. While the multi-client testnet is live, devs have released new specifications for Phase 0
Ethereum (ETH) 2.0 'Closest to the Final' Specifications of v0.12 Released: Here's What New
Cover image via stock.adobe.com
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Ethereum Cat Herders project manager Edson Ayllon announced that Ethereum (ETH) 2.0 devs have delivered specifications for Phase 0, which are very close to the final landscape of the network.

ETH2 design is arriving

According to the Ethereum (ETH) contributor, the new specifications closely resemble the specs of the real Phase 0 or Beacon Chain of Ethereum 2.0.

These estimations can be seen as valid unless critical security flaws are found by the community.

The new release, named 'Quarantine Haircut', includes all v0.11 'testnet learnings'. It has updated BLS signatures specifications and advances the mechanism of rewards and penalties in the testnet environment.

To prevent an unintended split, the FFG-LMD fork choice scheme now checks vote consistency. Developers also re-organized the validation process to avoid data transfer from ETH1 to Serenity epoch.

Sharding and clients

The official release announcement in the project GitHub repository highlights that client teams looking to prototype Phase 1 should first focus on shard data mechanics while stubbing out custody game logic.

The mechanism of the Custody Game will be reintroduced when the shard chain design stabilizes.

Also, the new Light Client can be used for educational purposes but will be reorganized for the Phase 1 launch.

Ethereum (ETH) 2.0 is a Proof-of-Work version of the Ethereum (ETH) blockchain, in which mining will be replaced by staking and the single-chain organization will be abandoned in favor of sharding.

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
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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.)