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Ethereum 2.0 getting closer with the new release of the „Onyx“ testnet

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The blockchain company Prysmatic Labs announced the launch of a new test network for the Ethereum 2.0 blockchain.

According to an announcement on June 10, Prysmatic Labs is launching the Onyx Ethereum 2.0 testnet, which represents an improvement over the previous testnet, Topaz.

Release date for Ethereum 2.0 is postponed while problems persist

The last step before launching the mainnet
According to the announcement, the Onyx test network is the last update before the launch of the first main network Ethereum 2.0. In addition, this network will support multiple client software distributions.

Onyx improves the handling of network messages, it complies with the latest specifications of Ethereum 2.0. Prysmatic Labs also announced that it will soon shut down its Topaz validation nodes and begin sending deposits to initiate staking on the Onyx network.

Ethereum 2.0 multi-client test network ‚planned for June

Ethereum staking is a future feature of Ethereum 2.0 that would allow Ether (ETH) holders to execute nodes that confirm new blocks in the network in exchange for rewards, similar to mining. The execution of such nodes requires the user to have a certain minimum amount of coins. If the node tries to misbehave, its properties are reduced.

The long-awaited release of Etoro 2.0 is approaching
This latest update takes the Ethereum community one step closer to the launch of the much anticipated Ethereum 2.0 network, which many hope will solve the blockchain’s scalability limitations.

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Still, many fear that the release of Ethereum 2.0 will be delayed again. Reports in May suggest that the launch of the network’s proof-of-stake algorithm was rescheduled for this month. Previously, some suggested that the launch of this algorithm might have triggered a recovery in Ether’s prices.