Ethereum 2.0 Gateway Successfully Verified

Just saw nearly 100% participation from over 22k active validators on the worlds first boneless ETH2 testnet. https://t.co/TFw3MBBOhc — prestonvanloon.eth (@preston_vanloon) January 17, 2020

These client testnets may start connecting to each other in a prelude to the genesis block test net which heralds the first major implementation of proof of stake. At the beginning of the year, nine independent teams began work on implementing Phase 0’s Beacon Chain. It is expected to launch in the second quarter of this year according to Josh Stark’s yearly Ethereum roundup. ETH Price Reaction As expected these under the hood developments on ETH 2.0 had no real impact on token prices. Ethereum has currently pulled back a couple of percents to settle at the $165 level where it is expected to consolidate until bitcoin makes a bigger move. 2020 has been bullish for Ethereum so far with gains of almost 30% since New Year’s Day. Long term technical signals are finally turning bullish and there is renewed hope that ETH can finally break out of its two-year bear market. As proof of stake nears and development continues it is only a matter of time before Ethereum is back in bullish territory. Will Beacon Chain be launched this year? Add your comments below.

Images via Bitcoinist Media Library, Twitter: @preston_vanloon The post appeared first on Bitcoinist.com.

source: https://bitcoinist.com/ethereum-2-0-gateway-successfully-verified/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BATSend Tip now!