It was revealed that on 3rd January 2020, a new version of Ethereum would be introduced in the market. This will be known as phase zero of Ethereum 2.0.
The Bitcoin genesis was launched on 3rd January 2009. The date of 3rd January 2020 is being selected, as it is also the Bitcoin genesis eleventh-anniversary date, as expressed by Justin Drake.
The advancements are going on for on the launch. The crucial factor in this launch is the deposit contract issue. It is speculated that two million (2m) will be deposited in the ceremony in Japan.
Drake said that the important aspect is to avoid scam deposit and make this system transparent and systematized. He elaborated that to reach the target deposit, almost three months are needed.
Also, it would be the same date when Satoshi Nakamoto introduced Bitcoin. The New Year launch will also bring positivity and revival for the Ethereum, as the New Year can be taken as a symbol for a new journey.
Drake clarified that production status means security and verification process of the clients, but, this would not take unnecessary time. Ethereum founder, Vitalik Buterin, affirmed this statement of Drake.
There is also a procedure of cross-client test-net to strengthen security audit. The process is in the final stages and is near to complete by Oct.
The first phase will ensure the capacity increase and the second phase will then start after the first phase completion.
The eth1 and eth2 carried different values in the market. It was suggested that the Proof of Work (PoW) block declined to 0.6 eth, but, nothing can be said for sure.