- Ethereum 2.0 developers set to launch Zinken testnet on October 12.
- Genesis deposits for Zinken eth2 are due today.
- This is in preparation for Ethereum 2.0’s release expected later this year.
- This mainnet upgrade causes Ethereum network’s shift from PoW to PoS consensus.
Zinken testnet is aimed at giving client teams a chance to iron out issues before the launch of Ethereum 2.0. Validators will also have a chance to experience a smoother genesis prior to the mainnet launch. It is expected to happen before the end of 2020.
As opposed to Spadina which lasted for only 72 hours, the Zinken testnet will run for a week and a half. Meanwhile, genesis deposits for Zinken eth2 are due today. If deposits are done later, the user’s validator won’t be activated immediately.
Zinken eth2 testnet genesis deposits are due before Thursday Oct 8 @ 12UTC (That’s *PM* for Americans 😅)
Make deposits on the Launchpad https://t.co/fLPu2kal2S
Follow ethstaker and client discords for updates.
Be sure to check in on Sunday before the Monday genesis!
— dannyryan (@dannyryan) October 7, 2020
Furthermore, the latest testnet will also give Ethereum stakers another practice run at moving ether (ETH) into the Eth 2.0 deposit contract.
For Zinken to be a success, Danny Ryan, a core developer at the Ethereum Foundation, expressed that testnet validators need to take the launch rehearsal seriously.
Ryan further went on to say:
As this is a dress rehearsal, we ask you to take genesis seriously. Only make deposits for vals (validators) you intend to run, and if at all possible, be attentive in the 24 hours leading to genesis – upgrading your node if necessary.
Ethereum 2.0 is one of the most-awaited mainnet upgrades where Ethereum’s blockchain network will move from Proof-of-Work (PoW) consensus to Proof-of-Stake (PoS). Adding on, in Ethereum 2.0, validators and not miners will confirm block transactions and therefore receive block rewards.
Ethereum 2.0 will roll out in multiple phases and stages. These stages will most probably run until 2021. According to Ethereum Co-founder Joseph Lubin,
Through ETH 2.0, the aspiration is that higher decentralization, resilience, security, simplicity and longevity” will be achieved.
In retrospect, Spadina suffered from low participation levels, recording only about 30% participation rate, as opposed to an expected 80%. The Spadina testnet follows the Medalla testnet launch during early August. Medalla is the first Ethereum 2.0 testnet under phase 0.