“In a small number of months, we should have a fully operational testnet and possibly, by the end of this year we’ll have a fully operational phase 0 Ethereum 2.0.”
Lubin told Cointelegraph that there were multiple ways in which the new chain could be connected to the old one and the Ether tokens would be able to move from the old chain to the new one. He also said that there might be “bidirectional mechanisms”. With regards to Proof of Stake, Lubin assured that the algorithm had been thoroughly researched before the teams started working on its implementation.
Ether performed strongly in large parts of the weekend, mirroring its larger crypto peer Bitcoin (BTC). Having opened at $173.14, the coin rose to a near six-month high of $203.47, before finishing the day at $194.30. The coin topped $200 once again on Sunday morning, but quickly returned to sub-$200 levels amid a strong market correction.
In today’s trading, the Ether price stood at $189.70, as of 12:26 BST. The digital coin has lost 0.9% of its value in the past 24 hours, according to data from cryptocurrency tracker Coinmarketcap. Its total market capitalisation currently stands at $20.1 billion.
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