Ethereum 2.0 Launching will not Follow Through this July
Following Bitcoin’s halving, the release of Ethereum 2.0 caught the attention of the crypto community over the past several days. People already expected the launch would happen soon due to the release of the test networks Topaz and Schlesi. Also, the upcoming fifth anniversary of Ethereum became a reason for the expectations.
Vitalik Buterin, the inventor of Ethereum, seems to have confirmed this. In his participation in the Consensus Distributed event, Buterin looks enthusiastic regarding the important milestones Ethereum has reached during the past few months. And the introduction of the mentioned testnet is part of the prerequisites for the launch of phase 0 of Ethereum 2.0. With that, people are asking Buterin if the release date will be in July.
He answered, “I think so.”
The inventor added that Ethereum 2.0 already has two testnet, the Topaz and the Schlesi – released a week ago. And that would be the initial phase of ETH 2.0, bringing the Proof-of-Stake, and it is moving forward on every front.
Meanwhile, Afri Schoeden, the core developer of the Ethereum, posted in his Twitter account that the development still lacks for the launch of the Ethereum 2.0 mainnet. And about the statements of Buterin, Schoeden supported developer Marco Levarato – no existing affiliation with Ethereum.
Levarato said that it is unlikely that it would go live in July. And there is no existing official multi-client testnet. This testnet requires at least two months of flawless runs.
In addition to that, the community asked Afri to elaborate on the subject. Then, Afri explained that they have not yet implemented final specifications in any client as of now, nor they launched a coordinated testnet. Thus, the time needed for the testnets and the amount of work left makes it impossible for Ethereum 2.0 to begin in July.
Afrin said regarding Buterin’s comments, “Going on stages or panels and putting out dates is not helpful at all. I don’t think Vitalik said in July. But I didn’t see one talk.”
On the other hand, Buterin clarified that there was a misunderstanding. Based on him, he did not hear the word July in the question, admitting that he made a mistake. Nevertheless, he still maintains his position that Ethereum 2.0 is on track.
German Neobank Offers Bitcoin Accounts
Elsewhere, all 80,000 users of German neobank Bitwala can now buy, hold and earn interest on Bitcoin in their bank accounts. And this is all because of its recent partnership with the cryptocurrency lending platform Celcius Network.
Based on defiprime.com, Bitwala is the first-ever classic fiat bank to offer interest for holding Bitcoin in their account, with three more DeFi DApps offering similar products.
With the DeFi products having higher rates – up to 8.6% per annum -, Bitwala became more regulated and offered fiat and crypto services in 32 European countries under license from leading German bank Solaris AG.
Moreover, users can purchase as tiny as 30 Euro worth of Bitcoin and hold it in the free Bitcoin Interest Account. Then, they can receive interest payouts weekly. Also, they lent out the Bitcoin in the accounts through the Celcius Network to trusted partners. They can convert these funds back to Euros immediately.
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