Thursday, November 26, 2020
No menu items!
  • News
  • Blockchain
  • Contact Us
More

    Ethereum 2.0’s Final Public Testnet Is Now Live

    Must Read

    Santiment: XRP Is Set To Surpass Ethereum in a Key Metric Maintained By ETH for Seven Months

    The cryptocurrency intelligence platform, Santiment, has indicated that the third-largest cryptocurrency by market cap, XRP, is set to surpass...

    Binance Announces Support for Spark Tokens Airdrop Planned By Flare for XRP Investors

    Binance, the arguably largest cryptocurrency exchange by trading volume, has announced the support for Spark tokens airdrop planned by...

    Ethereum 2.0 Now Ready To Go Live On 1st December with Over 700,000 ETH Deposits

    Over the past two days, there has been a remarkable increase in the commitment of the Ethereum community towards...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    Medalla, the official public multi-client testnet for the first phase of Ethereum 2.0, the much-anticipated upgrade to Ethereum network, is now officially launched.

    Medalla testnet is expected to be the final public testnet that will precede the launch of Ethereum 2.0 mainnet. The testnet will assess how ETH 2.0 will work with multiple clients.

    According to Ethereum Foundation in a blog post, five clients will be running at the genesis of the Medalla testnet, including Teku, Prysm, Nimbus, Lodestar, and Lighthouse.

    As once reported, phase 0 of ETH 2.0 may not go live until early 2021. Nevertheless, developments in the coming months and the result of the Medalla testnet will determine whether the genesis launch would play out in November 2020.

    Ethereum (ETH) in the Market

    The price of Ethereum (ETH) started gaining momentum a few days after the launch date of the final public testnet of Ethereum 2.0 was announced.

    In less than 2 weeks, the price of ETH rallied by about 70%, which led to hitting its 2-year high of $410 on Sunday, after a long stay at $200 price level.

    Some analysts have been of the opinion that the launch of Medalla testnet would further aid the price growth of the digital token ETH, in order to reclaim the important support level it lost about 2 days ago.

    However, the digital currency is still changing hands below $400 resistance level. At the time of publication, ETH is trading at $387.05, with a 1.07% price downtrend in the last 24 hours.

    Obviously, investors and traders are still looking forward to a possible price breakout for new yearly highs. They are patiently waiting for the digital currency to reprint and replicate the price surging trend displayed in the past few days.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Santiment: XRP Is Set To Surpass Ethereum in a Key Metric Maintained By ETH for Seven Months

    The cryptocurrency intelligence platform, Santiment, has indicated that the third-largest cryptocurrency by market cap, XRP, is set to surpass...

    Binance Announces Support for Spark Tokens Airdrop Planned By Flare for XRP Investors

    Binance, the arguably largest cryptocurrency exchange by trading volume, has announced the support for Spark tokens airdrop planned by Flare Network for the XRP...

    Ethereum 2.0 Now Ready To Go Live On 1st December with Over 700,000 ETH Deposits

    Over the past two days, there has been a remarkable increase in the commitment of the Ethereum community towards the launch of ETH 2.0...

    CipherTrace Is Determined To Unravel Monero (XMR) Transactions Obscurity

    CipherTrace, a blockchain analytics firm, is developing tools to track the transactions of the world’s largest privacy token, Monero (XMR). And in less than...

    XRP Surged Over 130% in the Last Week, Far Outpacing BTC and ETH –Forbes Explains Why

    The Ripple’s digital token XRP has been exhibiting a price uprising over the last week. It has significantly outpaced the surging trend of the...

    More Articles Like This