Ethereum Developer Team Briefs Solidity Deposit Contract Update for Ethereum 2.0

UTC by Bhushan Akolkar · 2 min read
Ethereum Developer Team Briefs Solidity Deposit Contract Update for Ethereum 2.0
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The Solidity Deposit contract has been just written for ETH 2.0 and verified through Run Verification. The code is a translation of the original Vyper contract.

Ethereum 2.0 developments continue to move ahead as the developer team briefs about the new Solidity Deposit Contract Update on Tuesday, June 23. As per the official blog post, Ethereum developer Alex Beregszaszi has been working on ETH 2.0 deposit contracts.

Over the last few months, Beregszaszi was working on re-writing the deposit contract in Solidity. The official announcement reads:

“We’d like to announce a new and more secure version of the eth2 deposit contract written in Solidity! This contract retains the same public interface (with the addition of an EIP 165 supportsInterface function) and thus is an entirely transparent change for all existing client and dev tooling. In fact, the Solidity code is primarily a line-by-line translation of the original Vyper contract to aid in review and formal verification”.

The contract has now been reviewed by a small group of Solidity experts and further verified through Run Verification. Along with the Solidity contract, the developers will be releasing Ethereum 2.0 Altona testnet version, v0. 12 in the next few days.

The Ethereum community has been waiting for long for the official launch of Ethereum 2.0. The developments have been relatively slow as per the earlier timeline. However, the developers have now moved gears to catch up speed. Also, as Ethereum 2.0 is expected to launch ahead this year, other participants within the ecosystem are working to offer curated solutions.

ConsenSys Announces Codefi Platform for ETH 2.0 Staking Service

Last week, blockchain engineering firm ConsenSys announced its new Codefi Pilot Program offering ETH 2.0 staking-as-a-service. The platform offers institutional-grade functional services for exchanges, custodians, and wallets.

Through the Codefi platform, ConsenSys plans to offer early access ETH 2.0 staking service. During the announcement, ConsenSys also need some exchanges and digital assets custodial service providers who have joined Codefi. These participants will get a better and deeper understanding of ETH 2.0. Besides, they also get an opportunity to offer ETH 2.0 staking capabilities to their customers.

While everyone has been speaking about all the benefits associated with ETH 2.0, some experts have also pointed out the risks involved for DApps and DeFi for shifting to the new Ethereum platform.

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