Test version of Ethereum 2.0, Medalla, went online
Recently, users of the cryptoindustry have been discussing only one event – the launch of the second version of Ethereum. However, starting a new project should be preceded by numerous checks and tests of the system. That is why the developers are gradually launching a new platform, including test variations of ETH 2.0. For example, today a test network of a system called Medalla was launched. Next, we will look at the details of the launched project and talk about the current features. So let’s get started.
How was the start of the project
Note that the Ethereum developers have provided for the launch of the new platform live. Each user could watch Medalla turn on. However, only 1,700 spectators came to the start of the system. Users watched the latest adjustments to the platform and watched the full start of the system. At the moment, Medalla is fully launched, but the developers still keep in touch with the audience. Communication takes place on a separate server in the popular remote communication system Discord. Also, a rather important feature of Medalla is the project partners. In addition to ordinary users, the platform is supported by representatives of well-known companies. Medalla is backed by businesses like Lighthouse, Nimbus and Prysm with other major legal entities. Soon, new investors and partners are planning to come to the project, interested in productive cooperation.
The initial operation of the system went smoothly. No problems, a smooth launch suggests that the entire second version of Ethereum will work stably and efficiently. However, to the great surprise of the developers, some users did not come to the launch of the Medalla test platform. However, the creators of digital silver have no doubt that the start of the new version of the project will make a splash and will be successful. Now is the time to discuss exactly what Medalla is for.
Medalla Specification and Purpose
First of all, it should be recalled that the creators of digital silver are interested in transferring the second version of the project to new algorithms. ETH 2.0 will not use the Proof-of-Work algorithm. Instead, it is planned to introduce Proof-of-Stake, which is much more productive and safer than its predecessor. The creators of ETH note that the revised Proof-of-Stake principles will create maximum protection in the system against all unforeseen circumstances. Thus, the platform will work autonomously and absolutely correctly.
However, the introduction of new principles in the structure of the coin system requires a gradual and measured approach. That is why, in the Medalla version, the developers have connected analogs of ETH coins. Test coins show how the system will work with the new parameters.
Medalla was connected at block number 1596546008. The new project launched about 524,288 test coins that have no real value and cannot be used outside of Medalla. It is also impossible to sell and buy this local cryptocurrency. However, it is a visual tool that demonstrates the potential of the second version of ETH. Let’s remind, judging by the statements of the developers, the start of the new project should take place this year. According to the creators of the platform, the second version of the coin is already ready for launch. So no additional tests are needed. The next step is to launch ETH 2.0. In order not to miss such important events, follow all the news from the crypto industry with us. We publish only high-quality and interesting material. Thanks for your attention. Good luck!