Topaz Testnet launch for mainnet Ethereum (ETH) 2.0 roll out
Ethereum is a hot and happening crypto reflected in its appreciated price value of late. This 2nd largest crypto by Market Cap has been in news for the successful launch of Topaz Testnet by the developers of Prysmatic Labs.
This test-net version of Ethereum that went live on April 18th is similar to the initial phase of Ethereum (ETH) 2.0, ETH2 Beacon Chain; the widely anticipated new Proof of Stake (POS) version of Ethereum with sharding capabilities.
Details on this U.Today article - https://u.today/ethereum-eth-20-major-milestone-achieved-as-topaz-testnet-launched-by-prysmatic-labs#!
This is exciting news as this is a stride towards Ethereum (ETH) 2.0 launch.
More to happen for the process of Ethereum (ETH) 2.0 mainnet roll out
The launch of multi-client testnet is next, which would be the final stages that should culminate in roll out of the Ethereum (ETH) 2.0. For the roll out of the Ethereum (ETH) 2.0 mainnet, Ethereum (ETH) 2.0 has to be stable in the multi-client testnet for a three month period.
Topaz Testnet launch led to ETH’s price increase?
Meanwhile, the Price of ETH has risen by 27% from April 15th to April 18th, the Genesis day for Ethereum (ETH) 2.0, with this being the date for Topaz Testnet launch.
During this time period, there were some inflows for ETH that were deposited for the Topaz testnet, that required 32 ETH deposits to be deposited in the Goerli Testnet environment of Ethereum (ETH) 1.0.
Case for being bullish on ETH now?
Therefore, in the near future, ETH looks to be a crypto that would rise in value indeed, with ETH 2.0 being an improved form of the current ETH blockchain that has scalability issues. There should be more staking happening during the process of the roll of the POS powered ETH 2.0 Blockchain and obviously prices would rise and shoot up indeed.
Disclaimer - I am just articulating my views based on my comprehension, please do your study when investing in cryptos and don’t jump on investing based on my article alone. I have a lot to understand, especially of a complicated Blockchain like Ethereum which is evolving, I am wondering if the staking phase has just began and would continue a lot more as POS requires staking by the ETH Blockchain maintenance guys now they are not the Blockchain miner fellows.
Learn more about Ethereum and other Cryptos here >>
However, if you really want a more knowledge take on Ethereum’s price prospects, you can go through this Crypto Lark's Youtube Podcast https://youtu.be/3ynSJkDkeCQ