ETH 2.0 Deposit Contract to Begin in a Few Days

Major Updates:

• The deposit contract for the protocol will be released in 3 to 4 days.
• This will make it possible to transfer ethereum between ETH and ETH 2.0
• The contract is also part of the few update required to initiate the protocol's new phase.
• To finalize the new phase's launch, about 500,000 ETH will be locked after the network is released.
• The new protocol will protect ETH from service denial attacks and provide a temporary increase in penalty fees.

According to Ben, the fee increase is a means to give stalkers more assurance in the advent of any issue. Even with low network participation, Ben believes the ETH2 is ready to move into phase 0.

Ben's statement was released after a breakthrough trial on Zinken tesnet a few days ago, which was regarded as the penultimate dress rehearsal before a launch date is set for ETH2 phase 0.

What do you think of ETH 2.0? Let's discuss in the comments.

Source: Cointelegraph.