Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » The launch of the test network Ethereum 2.0

    The launch of the test network Ethereum 2.0

    0
    By BlockchainJournal on May 9, 2019 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Representatives of the crypto-project Prysmatic Labs reported on the release of a testnet called Sapphire – the development is the embodiment of the fourth version of the official specifications intended for the main chain Ethereum 2.0 (Beacon Chain), which was presented by the Ethereum Research development team.

    Among the main features of the Sapphire testnet is the availability of the stacking ability of ETH test coins based on the PoS algorithm (Casper). Stacking is an alternative way to extract coins in PoS networks. So, if a user redirects from Goetli’s testnet to Sapphire 3.2 ETH, then he will be able to test his abilities as a validator. In order to launch the validator node, the user needs to install the Prysm client – it is the only one for Sapphire. It should be noted that so far the network has set a limit on the number of validators; Sapphire validators can receive rewards or fines for their actions.

    The developers of Ethereum Research pay attention to the fact that testnet is not a simulator, although in this version only the simplest parameters are configured. So, users cannot yet transfer funds, and there are no smart contracts and other features in Sapphire that involve interaction with the Ethereum virtual machine.

    The capabilities of this version of testnet are limited to managing the registry of validators, performing stacking, and generally building a blockchain. The expansion of Sapphire’s capabilities is planned for daily, rebooting is expected to occur only if a critical vulnerability is discovered that blocks the operation of the network.

    blockchain ETH ethereum Featured Network Sapphire
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    SEC postpones decisions on BlackRock and Franklin Templeton crypto ETFs

    September 11, 20252 Mins Read

    Worldcoin’s 110% rise faces a likely cooling period amid overbought signals

    September 11, 20252 Mins Read

    DOJ seeks civil forfeiture of $12M in USDT tied to “pig butchering” scams

    September 11, 20252 Mins Read

    Backpack Crypto Exchange to begin spot trading in several U.S. states this year, CEO says

    September 11, 20253 Mins Read

    Gemini raises IPO price range to $24–$26 per share, targeting a $3.1 billion valuation and $433 million raise

    September 11, 20252 Mins Read

    Binance and Franklin Templeton form alliance for tokenized products

    September 11, 20253 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.