libra|VISA CEO

A new iteration of the Ethereum blockchain called ‘Phase Zero’ has brought up a lot of positive altcoin news in the headlines today. As the news show, the next Ethereum blockchain iteration (which is dubbed Ethereum 2.0) may see a partial launch as early as January 2020.

First proposed by the Ethereum Foundation researcher Justin Drake in a bi-weekly coordination call between the Ethereum 2.0 developers, the date which was suggested for the next Ethereum blockchain was raised after affirming that a code freeze over the first iteration of Ethereum 2.0, called Phase Zero, was “on track” for June 30.

“We still have quite a bit of time before the end of 2019 so I think looking at a target genesis date towards end of 2019 could be realistic. One thing that could work well is the 3rd of January 2020,” Drake noted during the call.

Still, the coming altcoin news show that January 3rd 2020 is not a date that is set in stone – in spite of the reports which show the contrary. According to a fellow Ethereum Foundation researcher named Danny Ryan, the proposed date has not been finalized and additional work on testing the Ethereum 2.0 will factor in such a decision.

“Although it is feasible, the client teams are not yet ready to commit to a date, especially considering we haven’t entered into multi-client testnets yet. With each phase of development there are plenty of unknowns so we will just keep … tackling them as they come,” Ryan stressed.

The next Ethereum blockchain iteration was observed from many angles. The developers spoke more deeply to the requirements needed for a stable launch. Then, Drake highlighted that researchers are currently targeting a minimum amount of 2 million ETH to be staked on the Ethereum 2.0 network. This, as many best cryptocurrency news sites shared, would mean that the re-vamped ETH blockchain would be launching with over $500 million in ETH locked by prospective Ethereum 2.0 validators who would have the role of miners on the current Ethereum blockchain.

Even though the timeline for the next Ethereum blockchain iteration is not yet finalized, past experience suggest that a mainnet launch in January 2020 is within reach for many of the developers and researchers.