RATE Group | Ethereum 2.0 test network starts with more than 22,000 validators
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Ethereum 2.0 test network starts with more than 22,000 validators

19 Jan Ethereum 2.0 test network starts with more than 22,000 validators

Posted at 12:19h in Ethereum News by

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  • The Ethereum 2.0 test network operated by Prysmatic Labs has reached its maximum capacity with over 22,000 validators.
  • The introduction of Ethereum 2.0 could lead to the staking of about 10 million ETH within 6 months.

On 9 January 2020 Prysmatic Labs launched its Ethereum 2.0 Sapphire testnet. After a few days the test was restarted with a more powerful configuration than before, so that every Goerli test participant could join it. As a result, the capacity of the test network, with 24,000 active validators, had a sensational start at the time of publication. According to Raul Jordan, client developer for Ethereum’s Prysmatic Labs, the network is currently the largest Eth 2.0 testnet.

Ethereum 2.0, also known as Serenity, will mark the beginning of Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS) and a scalable blockchain with its Phase 0. The basic functionalities of the Beacon Chain will be…

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