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Prysmatic Labs announced the launch of Topaz testnet on Apr 15, which will run on full configuration of the Ethereum 2.0 Phase 0 mainnet. The launch of this full fledged testnet gives a strong indication that Eth2 is well on track, having been scheduled for launch by the end of Q2 2020. The Prysmatic Labs team is one of the major teams, working towards the implementation of Ethereum 2.0 upgrade.

Introducing our next test network release:

? The Topaz Testnet ?

☑️ 32 ETH deposits
☑️ Full mainnet configuration
☑️ Latest ETH2 phase 0 spec v0.11.1
☑️ Built on Goerli ?
☑️ 70+ contributors

Send your test deposits now!
Genesis in a few days?‍?https://t.co/DfgsAorFUA— Prysmatic Labs (@prylabs) April 14, 2020

The Topaz testnet will require deposits of 32 ETH, like the minimum required deposit for staking, planned for Ethereum 2.0 mainnet. The testnet will start accepting genesis deposits soon on Goerli and interested validators can send their deposits before Apr 18, 00:00 UTC.

The minimum configuration required to run the testnet has been given as: Intel Core i5–760 or AMD FX-8100 or better, 4 GB RAM and 20 GB SSD storage. However, the recommended configuration is: Intel Core i7–4770 or AMD FX-8310 or better, 8 GB RAM and 100 GB SSD storage.

Topaz Testnet Information
Deposit contract address: 0x5ca1e00004366ac85f492887aaab12d0e6418876
Spec version: v0.11.1 (Latest release)
Prysm version: v1.0.0-alpha
Testnet site: https://prylabs.net
Prysm API: https://api.prylabs.net

Bitfly announced they have updated their Eth2 explorer on beaconcha.in, to accommodate the Topaz testnet.

We just updated our ETH2.0 Explorer (https://t.co/EXptAcaG3d) for the upcoming @prysm testnet release.

Another very important milestone for us to collect user feedback, improve our frontend and find bugs! ?

See you on the other side ?https://t.co/ujYrfJfOQx https://t.co/PwwZERMaKG— Bitfly (@etherchain_org) April 15, 2020

A Quick Recap: Ethereum 2.0 Is Incoming

Ethereum 2.0 is the next big upgrade for the Ethereum network. It will bring Proof Of Stake (POS), eWASM and sharding. It will reduce the resources, required to run the Ethereum network, as well as bring scalability and performance improvements. The price of ETH tokens is expected to gain a major boost also.

The upgrade will be implemented in three phases, with the first Phase 0 Beacon Chain, expected by the end of Q2 2020, which will introduce the staking facility. This will be followed by the Phase 1 in Q1 2021, which will introduce sharding and allow data to be stored on shards, however transactions can’t still be processed. The Phase 2 will make the Ethereum 2.0 truly complete and the network operational, after its introduction at some point in 2022. It will bring the Ethereum WebAssembly (eWASM) replacing the now operational Ethereum Virtual Machine (EVM). Only after the Phase 2 has been rolled out, proper execution of smart contracts and transactions can commence on the new Eth2 chain. The Eth1 and Eth2 chain will gradually merge with each other.

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Posted By

Taha Zafar


Blockchain Expert. DeFi Enthusiast. Skilled in Fundamental Analysis and All Things Crypto.


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