{"id":430792,"date":"2020-07-15T12:10:58","date_gmt":"2020-07-15T12:10:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=430792"},"modified":"2020-07-15T12:10:58","modified_gmt":"2020-07-15T12:10:58","slug":"frustrations-over-ethereum-2-0-delay-eased-by-matic-testnet-speed","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/frustrations-over-ethereum-2-0-delay-eased-by-matic-testnet-speed\/","title":{"rendered":"Frustrations Over Ethereum 2.0 Delay Eased by Matic Testnet Speed"},"content":{"rendered":"

Matic Network<\/a>, the Layer 2 scaling solution for Ethereum, revealed the results of their Counter Stake testnet stress testing.<\/p>\n

Over an uninterrupted two month period, the team claims the network achieved speeds of up to 7,200 transactions per second<\/a> (TPS). What’s more, this occurred under decentralized conditions.<\/p>\n

“During stress testing, 122 validators were active and running validator+sentry nodes. Thus, the network was truly decentralized, ensuring reliable results.”<\/p><\/blockquote>\n

The blog post also stated that performance tweaks could result in even higher throughput upon mainnet launch.<\/p>\n

\"Matic<\/p>\n

Validator dashboard during testing. (Source: blog.matic.network)<\/pre>\n
This bodes well for Ethereum, which often draws criticism for its lack of scaling and low 15 TPS<\/a> throughput.<\/p>\n
And with further ETH 2.0 delays, Matic’s achievements could go some way towards thwarting the competition.<\/p>\n
Ethereum 2.0 May Not Roll Out Until 2021<\/h2>\n
Developers initially scheduled January 2020<\/a> for the ETH 2.0 launch, but delays to the rollout have drawn flak from investors who grow increasingly frustrated.<\/p>\n
In a recent Reddit AMA<\/a>, Ethereum Foundation Researcher, Justin Drake, gave a tentative date of January 3rd, 2021, for the Phase 0 rollout.<\/p>\n
Drake said several critical functions still need finalizing, including a public testnet with at least three clients running, an incentivized “attack net,” a bug bounty program, and differential fuzzing, which refers to bug testing.<\/p>\n
He gave approximate times of 2-3 months for the completion of each critical function, going onto say Thanksgiving and Christmas holidays bring us to his estimated rollout at the start of 2021.<\/p>\n
In a follow up to Drake’s update, Ethereum Co-founder, Vitalik Buterin, said he wants a Phase 0 launch well before that date, even if it isn’t ready.<\/p>\n
“FWIW I personally quite disagree with this and I would favor launching phase 0 significantly before that date regardless of level of readiness \ud83d\ude00<\/span>“<\/p><\/blockquote>\n
\"Ethereum<\/p>\n
Source: reddit.com<\/pre>\n
In response, the crypto community blasted both the 2021 rollout date, as well as Buterin’s comments. One user wrote:<\/p>\n
“Ethereum will have a credibility issue if you can’t launch phase 0 this year. There are tradeoffs for sure but I think the delay will cause more harm at this point.”<\/p><\/blockquote>\n
Another made the point that Phase 0 is not even the full rollout, and struggled to understand why this stage required 3+ clients on board.<\/p>\n
“But I think this whole concern over decentralization upon a phase 0 launch is completely overblown. Most people won’t even migrate to ETH2 upon phase 0 launch. I know I won’t. I’d want to see how things go with phase 0 first. Having different clients to choose from is the LEAST of my concerns.”<\/p><\/blockquote>\n
\n
"Launch it regardless of level of readiness"
That's what you want in a billion $ system<\/p>\n
— Mr V (@MrV_777) July 10, 2020<\/a><\/p><\/blockquote>\n