Ethereum 2.0 code audit will be completed in February next year, and the storage contract mainnet may be launched in July

"Everything is becoming a reality," Ethereum 2.0 coordinator Danny Ryan publicly stated in the latest Ethereum 2.0 progress report, Trustnodes reported on December 21.

cryptocurrency-3409658_960_720

Image source: pixabay

He said that the security audit company Least Authority will conduct a comprehensive security audit of "Ethereum 2.0 core client phase 0 specifications, focusing on some key items, such as denial of service (DoS) attacks, which may lead to accidental forks / adversarial chains Resource abuse attacks, network-related attacks, any attacks that affect funds, and more. "

Shui On said that the audit's preliminary report is expected to "be announced in early February" and is now nearing the final stage. Prior to this, the specifications in a version released by Ryan today had to be modified. He added:

"The next version will be released in early January next year. This v0.10.0 version will work to integrate the new BLS standard into the Ethereum 2.0 core specification.

The v0.10.x version series with production-grade BLS will be the target of the final testnet and will eventually prepare for the mainnet release. There is still much work to be done, but developers are currently working hard to solve this problem. " The final version of the specification in January will allow the team to implement changes found during the audit, so a multi-client testnet is expected to be released this winter.

The storage contract also needs to be tested. It will take at least three months from February next year, so the mainnet may be launched in June or July next year.

Developers may also do this work when Bitcoin is halved next year, because there will be many major events in 2020.

First of all, BCH should be halved around April or March next year, because its network will produce blocks faster. Next is Bitcoin halving, which is the first halving after it has received mainstream recognition in the United States, Europe, and the world.

Bitcoin halving should take place around May next year, with few exceptions except the blockchain browser showing the last block that received 12.5 BTC and the first block that received 6.25 BTC.

But who knows, this machine may malfunction, and the algorithm may also malfunction. Maybe it was Satoshi Nakamoto who played a trick to make everyone feel that everything was too stupid.

Bitcoin halving is a big deal for a number of reasons. Bitcoin's inflation rate rose to 2% for the first time, the same as the Fed's target rate.

After halving this time, Bitcoin will truly be able to do more. At that time, each block will only have 3.25 BTC, but this does not look far away, and it can be achieved by 2024.

At the same time, we will see what digital gold means with an inflation rate of only 2%, as Bitcoin will become the hardest currency known to mankind.

The next Ethereum 2.0 genesis block will be launched. It may be launched as early as May or June next year, and will definitely be launched in July.

Once Fang 2.0 is launched, many Eths will be locked. No one knows how much it will be, but this could bring at least 10 million Eth out of circulation.

So 2020 is an important year. It may also be by far the most important year for the crypto space, as various models have begun to take shape this year.