Ethereum “ETH 2.0” Genesis Block May Launch in January 2020

The horizon is materializing for Ethereum.

The public blockchain’s developers are currently hard at work on actualizing the project’s “ETH 2.0” Serenity upgrade, which will ultimately see the scaling triumvirate of Plasma, Casper, and sharding activated on Ethereum. Now, a tentative date has been set for when the ETH 2.0 genesis block may launch: January 3rd, 2020.

Nothing is definite for now, but Ethereum Foundation researcher Justin Drake said on Thursday during the 19th ETH 2.0 Implementers Call that date was a reasonable target and could end up being selected for the activation of the Beacon Chain of Serenity’s “Phase Zero,” the first of several development stages planned for the ETH 2.0 transition.

Ethereum 2.0

That initial phase will finalize Ethereum’s shift from proof-of-work (PoW) consensus via miners to proof-of-stake (PoS) consensus via validators. The Beacon Chain, once activated upon its genesis block, will facilitate PoS block validation via Casper tech and will serve as a foundation for later layerings, like Phase Two that will see a fuller rollout of sharding’s functionalities.

In the Implementers Call, Drake said with the code specification of Phase Zero being frozen later this month, the Ethereum community could conduct a “deposit contract ceremony” at this year’s Devcon5 conference, which will take place in Osaka, Japan, in October.

Activating the deposit contract in October should give the Ethereum community plenty of time to get things right ahead of a January 2020 Beacon Chain launch, Drake added:

“So the idea here is try and launch the deposit contract ahead of the target genesis [block], so that we allow time for validators to make deposits. And then one idea here is to basically do a deposit contract ceremony at Devcon. One of the reasons to have this very public ceremony is so that we can all agree on the exact address of the deposit contract and avoid scam deposit contracts.”

At one point during the call, the Ethereum…

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