An Ethereum 2.0 Proof-of-Stake Testnet Blockchain Is Now Live

[Flodner]

An Ethereum (ETH) 2.0 Proof-of-Stake (PoS) testnet beacon blockchain is now live, the CoinTelegraph reported. Preston Van Loon, co-founder of sharding development firm Prysmatic Labs, announced the development in a Medium post on May 7.

Ethereum 2.0 is an upcoming new Ethereum chain featuring improvements in security, scalability, and decentralization. Ethereum 2.0 would not be introduced to the current Ethereum network by means of a hard fork. Instead, users will be able to transfer value from the current Proof-of-Work (PoW) chain via a one-way smart contract.

More information: https://bitcoin2day.net/an-ethereum-2-0-proof-of-stake-testnet-blockchain-is-now-live/