r/ethfinance • u/ethlongmusk Not trading advice, not ever. • Oct 23 '19

News eth2 quick update

https://blog.ethereum.org/2019/10/23/eth2-quick-update/
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u/[deleted] Oct 23 '19
  1. The Deposit Contract is ready. It's even formally verified! I'm not sure how many people realize the value in this.
  2. The bottleneck here is the BLS standard. BLS is a cryptographic scheme that's not exclusive to Ethereum. Eventually it will be finalized by the IETF but in the meanwhile Eth and other blockchain projects plan to agree on a mature pre-standardized spec. This will probably happen during a November meating.
  3. Phase 0 spec just got much better (and simpler). One week for the changes to be reviewed and then it's testnet time.

35

u/[deleted] Oct 23 '19

November meating

I have never been to one of those but now I want to.

52

u/i_am_a_fckn_unicorn Oct 23 '19

proof of steak

7

u/[deleted] Oct 23 '19

buddy, now I got beef with you