ETH 2.0 Testnet Spadina Goes Live Amid Minor Technical Glitches
Spadina, the final testnet step before the fully realized ETH 2.0 mainnet is now live as the second-largest blockchain by market capitalization moves closer to a proof-of-stake (PoS) consensus architecture. ETH 2.0 and other networks pivoting to PoS might make staking to become one of the major activities in the crypto space come 2021.
Spadina Testnet to Run for Three Days
On Tuesday (September 29, 2020), Ethereum developers deployed the Spadina testnet. According to the ETH 2.0 roadmap, Spadina is the final testnet implementation before the launch of the Ethereum 2.0 mainnet.
Tweeting on Monday (September 28, 2020), Ethereum Core researcher and developer Danny Ryan revealed that Spadina will be a “full dress rehearsal.” Earlier in September, Ryan published a blog post detailing the objectives of the Spadina testnet, stating:
“The main objective is to give us all another chance to go through one of the more difficult and risky parts of the process – deposits, and genesis – before we reach mainnet. If all goes well, it should give us greater peace of mind before we jump into the real deal later this year.”
Early reports from the Spadina deployment detail low participation and some technical glitches. As reported by BTCManager, the previous Medalla testnet also suffered hitches as well with a critical bug affecting most of the validators on one of the six Medalla servers.
For Tuesday’s Spadina launch, all four clients reportedly suffered bugs and the ensuing confusion led to a litany of orphaned blocks. The sheer volume of orphaned blocks does mean the database will need for housekeeping.
With test ETH being used for these testnet implementations, no money is being lost. However, with real ETH and real funds of at stake, such issues might result in significant losses for staking nodes. Back in July, the Ethereum Foundation launched Bug Bounties for ETH 2.0.
Will PoS Dominate the 2021 Crypto Landscape?
As more blockchains embrace PoS network consensus, 2021 may be the year of the crypto staking battle. Projects will be looking to drive adoption of their platforms with the best incentives for users.
Offline staking is becoming one of the popular points of interest in these projects. In offline staking, nodes can stake their tokens right from a cold wallet which offers more security for their “coins.” Projects like Cardano have even inked a partnership with Coinbase to enable staking from the latter’s secure institutional-grade custody platform.