ConnsenSys dev confirm launch of Eth 2.0 deposit contract

One such solution is the launch of the Ethereum 2.0 deposit contract and, according to ConsenSys developer Ben Edgington, the launch is imminent within days.

With Ethereum 2.0 deposit contract hitting the shelves that is one of the few precursors to launching the Ethereum 2.0 Phase 0 update in earnest. Edgington had this to add:

“As I understand it, we are good to go; deposit contract in the next few days; beacon chain genesis 6-8 weeks later.”

With the addition of the new protocol, Ethereum should, in theory, get a boost against denial-of-service attacks as well as implement the genesis delay and a quadrupling of penalty fees.

Edgington's claim isn't far-fetched, especially after Ethereum completed a successful trial on the Zinken testnet last week.

With that test completed, Ethereum is close to launching the update that will finally boost scalability and help tackle the weight that the adoption of DeFi has put on the network.

A new update would mean that casino operators such as Bitcasino, 1xBit and FortuneJack will have an easier time providing consumers with swift transactions.

While Ethereum is far from the only currency available, a boost to the mainframe can really help expedite payments out of crypto casinos.

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Written by David


David is co-founder of, and has worked in the crypto gambling space since 2015.

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