Ethereum 2.0 Rolls on With Prysm Client Web Interface Release

Following the Spadina testnet failure at the end of September, the Ethereum 2.0 Phase 0 rollout looked in serious jeopardy.

Billed as a dress rehearsal for ETH 2.0 genesis, core developer Danny Ryan reported several issues with the Spadina run. The most pressing problem was the long wait times for transactions to become irreversible.

Ryan attributed many of the issues to the low participation rates, which is expected in an uncentivized testnet. He also brought up the poor client distribution, which saw the majority of participants opt for using the Prysm client.

Today we launched, Spadina, a dress rehearsal for eth2 genesis.

Although the eth2 clients have generally become quite robust, the long wait for finality today highlighted issues closer to the edge of the stack — cli options, testnet config, bootnodes, genesis calculation bugs

— dannyryan (@dannyryan) September 29, 2020

In response, Ryan announced another dress rehearsal testnet, named Zinken, to reassess the situation.

The ultimate aim of dress rehearsal testnets is to ensure a perfect run before the mainnet launch. This includes client teams having a clean release process, and validators successfully connecting to the network to produce blocks.

Yesterday, core developer Afri Schoedon tweeted that Zinken had finalized without a glitch.

https://twitter.com/q9fmz/status/1315630137719877632

As such, despite a number of false starts and let downs, Ethereum 2.0 Phase 0 appears on track for rollout at the end of the year.

Schoedon confirmed this by saying “There will be a new toy for Christmas.”

Prylabs Launches First Client Web Interface for Ethereum 2.0 Staking

To add to the developments, the Co-founder of Prylabs, Raul Jordan also announced the first ETH 2.0 client web interface.

0/ As of Prysm release alpha.29, we have finally completed our first version of our ETH2 client web interface! The community has been asking for this since we started work on eth2 and we have now delivered @prylabs https://t.co/oDRGCAOET9 #Ethereum pic.twitter.com/kTxPxSjh0a

— rauljordan.eth(💙,🧡) (@rauljordaneth) October 12, 2020

It comprises of a graphical user interface for clients to manage their staking on Ethereum 2.0. That way, stakers who do not want to use terminal or CLI commands to manage their validators now have a visually pleasant UI to use.

“This is not meant to be a block explorer, but rather, an interface used to monitor your beacon node and validator client logs and perform common validator commands such as backing up keys, exporting your keys, and more.”

Jordan mentioned that the tool is a fully open source UI and features several useful functions. This includes generating validator accounts from seed, monitoring gains and losses, chain data stats, and account backup.

Key Tasks Are Still Outstanding

As far as Prylabs is concerned, their contribution to pushing Ethereum 2.0 Phase 0 over the finish line consists of compliance work.

“For us, we just need to (a) be compliant with the standard eth2 API, and (b) be compliant with standard slashing protection formats. We plan on being feature complete by late Oct.“

But examination of the Github checklist shows core development still has a number of tasks outstanding including security reviews, as well as miscellanous testing.

With that, despite Schoedon’s confidence over an end of year launch, investors should remain optimistically cautious. Espcecially in consideration of the false starts experienced to date.

The past week has seen a steady performance from Ethereum, up 9% over the past seven days. Today it’s priced at $383, having retraced from yesterday’s near break of the $400 level.

Ethereum daily chart YTD with volume. (Source: tradingview.com)