The launch of Ethereum 2.0 (ETH) is scheduled for 1 December 2020.

  • 4. November 2020 at 19:34

It’s now official, the wait for Ethereum 2.0 is coming to an end. The new version should be online on December 1st, 2020, provided that it gathers a sufficient number of validators.

The launch of Ethereum 2.0 (ETH) is planned for 1 December 2020.

Ethereum 2.0, the „Messiah“ finally arrives
The wait was long, very long, for the followers of Ethereum (ETH). After many doubts about the arrival of Ethereum 2.0, the developers have just lifted the veil on its launch date.

According to a publication on the blog of the Ethereum Foundation, the first version of Ethereum 2.0 should be launched on 1 December 2020, at 13:00 Paris time, on the sole condition that 16,384 validators have joined the network 7 days before this date.

If this is not the case, the Genesis block of Ethereum 2.0 will be triggered 7 days after this threshold has been reached (regardless of the time).

In addition, each validator will have to trigger 32 ETH, which currently represents nearly $13,000. The total amount expected to launch ETH 2.0 is $213 million.

The effect of the announcement on ETH’s share price is notable, with ETH having committed an increase of almost 7% at the time of writing, from $383 to $407.

👉 Read our guide to buying Ether (ETH)
Participate in the launch of Ethereum 2.0 – What do you need to know?
The process to become a validator of the Ethereum 2.0 network takes place on the „Eth 2 Launch Pad“, a platform that guides the user through the process.

If you are interested in participating in the Ethereum 2.0 launch, the press release reminds you of a simple, yet essential practice. Check, and re-check as many times as possible, the address of the deposit contract before sending funds.

Please also note that sending your ETHs to the Ethereum deposit agreement is not to be taken lightly. Indeed, the launch on 1 December corresponds to phase 0 of the transition to Proof of Stake for Ethereum.

As transfers are blocked at least until phase 1, there is no way for a validator to leave voluntarily. Validators will have to wait for phase 2, i.e. about 2 years, before they can withdraw their ETHs.

Sending 32 ETHs in the contract therefore corresponds to a 2-year commitment on your part, in addition to requiring the operation and maintenance of the validation software on a dedicated machine.