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17 January 2021

Ethereum 2.0 Deposit Threshold Met: Proof-of-Stake 'Beacon' Chain Starts in 7 Days | Altcoins Bitcoin News

Ethereum 2.0 Deposit Threshold Met: Proof-of-Stake 'Beacon' Chain Starts in 7 Days | Altcoins Bitcoin News


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At the end of the first week of November, the Ethereum Foundation initiated the first process of the highly anticipated Ethereum 2.0 (ETH 2.0) upgrade specifications, which detailed the initial rules of the genesis phase 0.

Many Ethereum supporters also understand that the Ethereum 2.0 genesis phase 0 will initially start with the “Beacon” blockchain, a baby-step that will make it so the upgrade will have less of an impact on the main network.

The ETH 2.0 upgrade will start in seven days’ time and the Beacon chain will begin the first of four initial phases.

After the requirements were filled, Ethereum proponent Tom Shaughnessy said that the Ethereum 2.0 launch “got more attention in an hour than every other layer 1 did this entire year put together.”.

Ethereum Foundation member Hudson Jameson tweeted about how the Ethereum 2.0 Beacon chain launch will happen the day prior, and what needs to happen in order to create a successful launch.

“My opinion (not an official stance of the Ethereum Foundation) is that we will launch between December 1st and December 5th,” Jameson concluded.

What do you think about the culmination of the highly anticipated Ethereum 2.0 launch

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