According to the July 27th Ethereum blog, the research team behind the ETH 2.0 announced the launch of the validation starter panel for the Medal multi-client test. The starter panel is part of the testnet start-up phase, preceding phase 0, in which the network will be heading towards Proof-of-Stake (PoS).
The next stage will track participants and their balances to help validate the testnet. Users must set a minimum of 32 ETH rates to run the validation node. ETH 2.0 Coordinator Danny Ryan said that the Medal will only be activated if at least 16,384 validators engage at least 524,288 ETH. If it is not reached by August 2nd, the test network will start 48 hours after the end of this stage.
The trading volume on blockchain Ethereum has recently passed Bitcoin (BTC) for the first time, as more users turn to DeFi tokens and stable coins. Although the price of Ethereum (ETH) was not too high in the second quarter, the token follows BTC's leader this week, reaching a new annual high of $326 today as Bitcoin exceeded $11,000.
