Ethereum 2.0’s Beacon Chain Reaches Its Minimum Required Deposit; Will Now Launch This December 1st

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Eth 2.0

As announced by Justin Drake, an Ethereum 2.0 (ETH 2.0) researcher, the beacon chain for the highly-awaited Ethereum upgrade is now officially set to launch this coming December 1st – its “genesis day.” This announcement follows yesterday’s development wherein its deposit contract successfully locks in the minimum necessary ETH to push through with the scheduled release.

This understandably caught some off guard as several previous reports imply that the deposit contract for Ethereum 2.0 has seemingly slowed down. They were more than likely already gearing up for another launch delay. However, thanks to a massive eleventh-hour deposit surge, people may now comfortably expect the upgrade to come knocking next week.

Drake states that the promised features for the coming ETH 2.0 are more than half-way finished already. The research for it is practically done, and the genesis day will mark a significant implementation achievement. He adds that the upcoming ETH 2.0 Phase 0 this December will lay down the foundation, and everything will now comfortably sit in its place moving forward.

As announced by the network for quite some time now, several separate upgrades are set to come as Ethereum 2.0 – as a whole – is gradually being implemented in the next coming years. Its developers note that the launching beacon chain will ultimately merge with the current Ethereum mainnet in the next year or two.

Although the complete release for the upgrade is not yet set in stone, Drake notes that ETH 2.0, and all its enticing features, may come this 2023.

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