Ethereum 2.0 deposit contract launch delayed by two weeks, developers say

Leading Ethereum 2.0 developer Danny Ryan said on the Bankless podcast that the ETH2 deposit contract will launch in the first half of November. The reason: a desire to ensure there are no errors in the BLST cryptographic library following the NCC audit.

The deposit contract enables moving ETH from the current network into Ethereum 2.0, confirming the authority of the stakers.

“The library must exhibit a high degree of randomness for wallet creation and be finely tuned for signing deposits. If there are issues, a mistake could occur in launching the deposit contract. This is a blocking factor,”

According to the lead developer, the ETH2 deposit contract will launch in early or mid-November depending on audit results. It will run for two weeks. Under this scenario, it would be possible to proceed to the ETH2 genesis block this year.

Ryan added that, in parallel, teams are working on improving client reliability and audits, optimizing resource consumption, “polishing the launchpads” and other tasks.

Update: The auditing firm Quantstamp did not identify any critical problems in Teku, the Ethereum-studio ConsenSys’s client. The specialists confirmed that the software is ready to transition to ETH2, reports DeCrypt.

A week earlier, developer Ben Edington announced the launch of the Ethereum 2.0 deposit contract “in the coming days.”

Edington’s message appeared a few days after the launch of the final Zinken testnet with a three-day lifecycle.

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