Ethereum Community Freezes 2.0 Proof Of Stake Spec

The last minutes of last month (June), saw the Phase Zero of the “ETH 2.0” specification being frozen. In other words, the code for the Ethereum blockchain and its long-awaited transition to proof-of-stake (POS) consensus has been finalized and is now ready to be implemented. The Ethereum community accepted the news and is now waiting for it to be implemented in a production environment.

The coming altcoin news also show that the freeze was first announced back in May 2019 by an Ethereum Foundation researcher named Justin Drake. At the time, Drake said that early summer was the completed spec’s target date. He revealed:

“I’ve been continuing to fine comb Phase Zero in preparation for the spec freeze which we’re targeting for the 30th of June. We’re still very much on track […] simplifications are coming through which is great and the process of fine combing is also for finding final bugs.”

The so-called “SubZero” freeze was also a hot topic in the Ethereum community and reported by many best cryptocurrency news sites. It was mentioned in the release – shown as an update which means Ethereum’s evolved rendition is closer than materializing than ever before.

“This release marks the end-of-june phase 0 spec freeze, v0.8 is to serve as a stable target as implementers work toward multi-client testnets in addition to on-going efforts in formal verification, fuzzing, and audits,” the release added.

Currently, the altcoin news are showing that ETH 2.0 activity is surging. The Ethereum community is happy because of this. In May this year, the forthcoming Ethereum blockchain received its second testnet via Prysmatic Labs, who have developed the Prysm client – in addition to the network’s inaugural Nimbus testnet made by the Status project.

Eth2 spec release v0.8 — SubZero

The phase 0 spec freeze is here! Thank you to everyone for all of the incredible work that has gone into thishttps://t.co/XuSHr4NCnP

— dannyryan (@dannyryan) July 1, 2019

Earlier this month, the popular member of the Ethereum community Justin Drake said that the builders of the smart contract platform were eyeing an end-of-june POS spec freeze.

The finalization was supposed to take place ahead of the release of the Beacon Chain deposit contract at Devcon5 in October 2019, along with the formal launch of the ETH 2.0 POS Beacon Chain. The date is now targeted for January 2020 – the 11th anniversary of the Bitcoin blockchain.