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Casper proof-of-stake Ethereum live on the Prysm testnet

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The next version of Ethereum, which uses Casper proof-of-stake, is live on the Prysm testnet. The public release marks another major step towards Ethereum 2.0, which its developers say will bring greater security, scalability, and decentralization to the network.

On May 6, Prysmatic Labs, one of nine independent teams responsible for building Ethereum 2.0 clients, announced that the v0.4 Casper PoS implementation of Ethereum 2.0 is live on the Prysm testnet.

Something to keep in mind is that Ethereum 2.0 will not be implemented via hard fork. Instead, an entirely separate blockchain will be created to allow for these new features. Users will be able to deposit their old ether into a smart contract in exchange for new ether on the 2.0 chain.

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