Ethereum 2.0 To Use New Test Network

It cannot be denied that 2019 is turning out to be a great year for Ethereum. Well, many experts believe that the cryptocurrency can reach greater heights if all of its promises and expectations are met. Interestingly, a highly anticipated upgrade is on its way for the first run.

Introducing Gorli

The aforementioned ETH upgrade is called Gorli, which is basically a new blockchain. It would be responsible for sorting “a proving ground” mean specifically for Prysm. The latter, on the other hand, is software built by Prysmatic Labs and is expected to be essential for the construction of the Ethereum 2.0.

For those who do not know what Ethereum 2.0 is, it is an upgrade that the network is expected to acquire soon. It comes with a handful of small upgrades that is set to completely revolutionize the way the network works. At the same time, it makes everything scalable and more user-friendly, which is crucial for new users and/or entrepreneurs who want to create new platforms.

Due to this, Gorli will represent only a small update in the said network (though it is deemed to be the very first step towards the future). The product is referred to evidence of authority cross-client test network, which will reportedly sync together a lot of important initiatives coming directly from the Ethereum system (e.g. Nethermind, Geth, Pantheon, Geth, etc.). Also, the project is community-based and open source.

The Road Map

Prysm is said to take some time just to make the project a reality, though the likelihood of the launch could be in March. The full upgrade, in particular, is set to be on the very core of the ETH expansion. It is safe to assume that it is going to be quite relevant to the network itself.

The phase zero for Ethereum 2.0 will be tested directly by the company. This would include the much awaited proof of stake features, which simply refer to the heart of the upgrade. These features, though, are expected to skyrocket Ethereum to the future.

Interestingly, Prysm will be operating in at least two networks – both of which will be run at the same time. For starters, it will join in the so-called GoETH ecosystem. But as for users who participate in the company, they will be given the chance to work as validators.

According to the official report, these validators are actually miners of Ethereum 2.0. And during this time, the company is going to produce blocks and validate the ones that already exist.