Ethereum 2.0 Phase 0 set to launch on 3rd January 2020

Ethereum • June 17, 2019, 12:39PM EDT
UPDATED: June 18, 2019, 6:42AM EDT
The Block

The Ethereum Foundation has released a more detailed timeline for the first "Zero" phase of its new, updated chain, dubbed Ethereum 2.0, according to a recent Implementer's Call.

The beacon chain deposit contract will be launched during Devcon 5, to be held in Osaka, Japan between October 8-10, followed by a genesis block launch on January 3rd, 2020 - the same day Satoshi Nakamoto first mined Bitcoin in 2009.

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The delay between the launch of the deposit contract and the production of the genesis block allows for security deposits to accumulate and at least two clients to reach production status. 

Ethereum 2.0 will feature improvements in security, scalability, and decentralization.

Last month, the Ethereum Foundation announced it planned to spend $30 million on key projects across the ecosystem over the next year. $19 million of this budget will be allocated towards Ethereum 2.0-specific projects.

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Isabel is The Block's London and European reporter. She previously reported for Reuters in Madrid and London, following on from her time as a freelance journalist for the Guardian and the New York Times. She has a Bachelors in War Studies from King’s College London and a Master of Philosophy from the University of Oxford. Conflict of Interest: Edward Woodford, the CEO of SeedCX, is Isabel's brother. She does not report on any issues related to Seed or advise other authors in any regard.

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