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09.12 - 17:17
Developer shares insights on ETH 2.0 and why he’s ‘feeling good about Ethereum right now’
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Ethereum’s market cap dropped below $500 billion at press time. Needless to say that Ethereum’s short-term weakness doesn’t really bother its long-term investors as it still holds over $166 billion in TVL.
Well, the network is gearing up for ETH 2.0, its biggest upgrade since 2015. As per developer Tim Beiko, both ETH 1.0 and ETH 2.0 teams worked together in October on the prototypes for the transition. With most “specifications in place,” Beiko explained what’s coming next in an interview. He said,
“What we’re doing during November is we’re trying to have these very short-lived test nets.”
But, even before that, ETH 2.0 deposit contract has topped the staked value of 100,000 ETH.
With the confidence in the market, Beiko also hoped that they
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