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COINTURK NEWS > Cryptocurrency News > Major Developments at EigenLayer: Preparing for Mainnet Launch
Cryptocurrency News

Major Developments at EigenLayer: Preparing for Mainnet Launch

In Brief

  • EigenLayer announced preparations for mainnet launch.

  • Focus on security and performance for a smooth rollout.

  • Gradual deployment to minimize risk and optimize performance.

COINTURK NEWS
COINTURK NEWS 1 year ago
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A significant development occurred today at EigenLayer. It was announced that preparations for the launch of the mainnet are underway. EigenLayer stated that its priorities are to ensure a smooth launch by focusing on security and performance. The approaches to achieve this goal were also explained.

Contents
EigenLayer Makes an AnnouncementWhat Does This Mean for the Community?

EigenLayer Makes an Announcement

EigenLayer reminded that this process is designed to support a seamless transition to a developing EigenLayer mainnet and made the following statement:

“Why a Gradual Mainnet Rollout?

Security and performance are of utmost importance. By carefully introducing functions in measured steps, we can:

  • Minimize Risk: A gradual deployment allows for meticulous testing and monitoring at each step, reducing potential risks associated with a full-scale launch.
  • Optimize Performance: The phased approach enables us to measure and optimize network performance as more users and operators join the ecosystem. This will provide a stable and scalable network for everyone.

The Road to Mainnet

  1. Final Test Network: Before deploying to the mainnet, we test all changes on a test network first. Since the start of Phase 2 test network on Goerli, over 6,000 operators have participated in successful tests through multiple upgraded versions. As the Goerli chain is no longer actively supported by Ethereum client teams, we are moving the latest EigenLayer test network version to the soon-to-be-active Holesky.
  2. Web Application and Contract Suspension: Initially, the EigenLayer web application and all contracts on the mainnet will be paused to facilitate a controlled deployment and inclusion of operators. This temporary suspension of deposit and withdrawal operations will help ensure a smooth transition.
  3. Gradual Operator Registration: Operators will have the opportunity to register on the mainnet gradually. This measured approach will provide a stable network by allowing performance testing and controlled capacity increase.
  4. EigenDA Launch: Witness the power of open innovation with the launch of EigenDA, the first AVS launched on the EigenLayer infrastructure. EigenDA will provide hyper-scale data availability for rollups with a target write throughput of 10 MB/s when launched. Operators will start opting for EigenDA at this stage.
  5. Mainnet Launch Completed: The EigenLayer web application will be updated to include a new staker control panel and discovery page for operators. With the completion of this stage, restaker delegations, deposit, and withdrawal functions will be reactivated.
  6. Emergence of the AVS Ecosystem: Following the launch of EigenDA, a live AVS ecosystem is set to develop on the EigenLayer mainnet.”

What Does This Mean for the Community?

This development is highlighted as a significant milestone for the entire EigenLayer ecosystem, with a robust and dynamic network being built in collaboration with the community.

Although the initial focus of Phase 2 is on operators and EigenDA, these stages will lay the foundation for future widespread participation. Announcements will also be made for exciting developments in future stages, including comprehensive developer tools and resources that will unleash the potential of various AVSs.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 14 March, 2024 - 5:36 pm 14 March, 2024 - 5:36 pm
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