The Ethereum Foundation announced that the Ethereum 2-0 project is progressing well and is all set to be launched in 2020 as per the planned timelines. The official broadcast from the foundation revealed that the 2.0 launch set would be as per the schedule for this year. Danny Ryan, the lead coordinator of the project, said that as per the current status, everything looks good; however, there is always a chance of certain blockers coming up.
Ethereum 2.0 On Track with its 2020 Launch
Danny further said that the launch date is not upon him or the cofounder, however, it depends on the various things going on around the project that decide the course of action. He said that they are having conversations with their engineering and expert teams.
Zinken successfully Executed
Zinken is a testnet or a trial net for the Ethereum 2.0, required to complete successfully before the 2.0 mainnet can be launched, official. The Ethereum 2.0 would go live and begin financial operations that substantiate economic value after the testnet is established and run to check for bugs and errors. One can say that Zinken is a crucial step to Ethereum 2.0. Earlier, another Ethereum 2.0 testnet, Spadina, was launched in Sep end. However, it did not pass the required parameters, and the team seemingly considered it a failed trial run.
The Ethereum testnet trial for the 2.0 Phase 0 was done successfully last week in which the teams noted smooth transition and no substantial errors or bugs. The Zinken testnet successfully passed the finalization threshold and became one of the most pivotal testnet launches. Their participation was almost 75 percent. The developers expressed delight on the successful launch and said that this is a welcome sign compared to previous events where several bugs and errors were reported.
Mainnet Launch Ahead
Vitalik Buterin the cofounder of the Ethereum foundation gave the go-ahead to the development team for the mainnet launch after the successful testnet. There is, however, a chance of several rehearsals before the mainnet launch, which is at the discord of developers.