Ethereum is inching ever closer to its long-awaited 2.0 upgrade. Last night, during one of the most divisive US elections in history, the tool to create Ethereum 2.0's deposit contract silently dropped on GitHub.
The tool represents a step toward Phase 0 of the long-awaited upgrade.
The inaugural stage of a staggered 6-phase rollout, Phase 0 introduces a proof-of-stake consensus mechanism—an efficient means of validating transactions on the Ethereum network. In order to get users staking and the proof-of-stake chain in working order, funds must be migrated from Ethereum's current blockchain over to Ethereum 2.0. And that's where the tool comes in handy.
Rather than the official deposit address itself, the release is a tool for generating the keys required to make deposits on Ethereum 2.0.