Ethereum 2.0 Phase 0 Testnet to be Launched

Coin transfer option is not available to users, there are no smart contracts and functionality associated with the Ethereum virtual machine
08 May 2019   241

Prysmatic Labs has launched a test network for Ethereum 2.0 based on the Casper PoS protocol with staking support. The developers implemented the fourth version of the specifications for the main chain from the Ethereum Research team.

So, in order to run the validating node, you need to install the Prysm client, which is the only one for this network, and create a steak by sending Goerli testnet coins (3.2 ETH) to the new network.

Note that at the moment a limited number of validators can participate in the network. Also, the coin transfer option is not available to users, there are no smart contracts and functionality associated with the Ethereum virtual machine.

Earlier Buterin announced the Ethereum 2.0 or Serenity. This upgrade involves a transition to the Proof-Of-Stake (Casper) algorithm, the implementation of sharding (multiple parallel chains connected to the main one, for executing various smart contracts and ensuring decentralized applications), updating the virtual machine (EWASM), changing the cross-contract logic and economics of the protocol.

DApp Transactions Volume to Reach All Time High

On the other hand, the number of new applications has noticeably decreased
07 May 2019   262

The volume of transactions carried out with the help of decentralized applications (DApp) in the Ethereum blockchain has reached a historical maximum, while the number of new applications has noticeably decreased, according to the latest report of the analytical company Diar.

In April, the volume of Ethereum processed through DApp, was greater than the previous record value recorded in December last year. According to analysts, the indicator grew for four months in a row, which is also the longest period of growth in history, and in April reached a value of 776,000 ETH. In dollar terms, the transaction volume was $ 132 million, which corresponds to an eight-month maximum.

Monthly ETH DApp Volumes Hits All-Time-High, Diar Report
Monthly ETH DApp Volumes Hits All-Time-High, Diar Report
New DApps Added Across Multiple Platforms, Diar Report
New DApps Added Across Multiple Platforms, Diar Report
 

At the same time, the number of new DApps running on the Ethereum network turned out to be minimal for the entire last year - 88 applications.

Last month wraps up a continuous declining trend in deployment since September 2018, bar a flurry of new DApps that went on-chain at the end of last year which marked the peak of development to date.
 

Diar Report

Earlier, Diar analysts reported that the volume of Ethereum transactions, expressed in the network's own cryptocurrency, peaked in December last year.