Ethereum 2.0 launch dates announced, and ETH miners’ profits surge by 98%

2 min readSep 14, 2020


Ethereum 2.0 launch dates announced

Raoul Jordan, Prysmatic Labs developer who is involved in testing of Ethereum 2.0, said preparations for the network’s launch go as planned.

All necessary features will be added by mid-October, he said, allowing developers to focus on improving security and user interface.

“If all goes well, November is still looking good for a launch from our perspective, Jordan wrote.

Earlier, a representative of the Ethereum development team, Afri Shedon, also announced that the network will begin work in November this year.

Ethereum Miners’ Profit surges by 98%

In August, Ethereum miners received $285.1 million in revenue, the highest in two years.

Compared to last month, profit increased by 98.2%, the resource The Block notes. This happened amid a record increase in online transfer fees. For more than a month, their average level has been above $2, and in early September it peaked at $15.

The reason lies in the growth in the activity of applications from the field of decentralized finance. All transactions made by application participants are recorded on the Ethereum blockchain, which increases the load on the network and creates a queue of transfers. To send their transaction faster, users are willing to pay higher fees.

The digital yuan will become a complete analogue of paper money

The digital yuan is legally fully consistent with fiat currency, says Fan Yifei, deputy chairman of the People’s Bank of China.

In an article written for Financial News, the official outlined the basic principles for regulating the digital yuan. According to him, digital currency is part of the supply of paper notes and coins, and therefore “must comply with laws and regulations related to money management.”

Fan emphasized that the digital currency will be accepted throughout the country and “no company or individual can refuse to accept it.”

The official also added that the digital yuan should be regulated by anti-money laundering and terrorist financing laws.