Sirlibz
Quants-stamp, a small contract auditing company has announced that Ethereum 2.0 is almost ready for launch. The statement comes after it’s auditing of Teku, an Ethereum 2.0 client developed by ConsenSys.
“Ethereum 2.0 is one track to deliver phase O in the very near future, said Richard Ma, CEO of Quants Stamp in a prepared statement.
Ethereum 2.0 is a network upgrade for the Ethereum network, it has been planned for a long time now, the upgrade is aimed at addressing love challenges the current network is facing like Scalability, speed and security. Eth 2.0 will also enable the Ethereum network to switch from a Proof Of Work (Pow) consensus to a Proof Of Stake (POS) consensus mechanism. The full roll out of Eth 2.0 will take 3 phases : Phase 0,1 and 2.
Phase 0 is being worked on and hopefully to be launched before the year ends. Justin Drake, a researcher on Ethereum 2.0 tweeted in July saying “the community wants phase 0 genesis in 2020- not a day late. The goal is set, lets ship”
The Teku, a part of the Ethereum 2.0 phase 0 was audited by Quantstamp in respect to launching within the year.
“Client teams have spent countless hours coordinating, testing, and working with auditing firms to ensure that the foundation of Ethereum 2.0 is ready for delivery,” Ma said.
The audit involved in maintaining the codes and controls that are needed for rewards and penalties, enforcing consensus rules etc.
The auditing company made sure to report issues back to the Teku development team, who quickly made sure to resolve them.
Along with Teku, the Beacon chain will be released in phase 0 and was already tested using the Zinken and Spadina Testnets. Once launched, focus will be shifted to phase 1 of the Ethereum 2.0 which will involve the integration of Proof-Of-Stake (POS) shared chain which help boost Eth’s Transaction Per Second (TPS).
