Today is jubilant moment for the people of Gaza and the families of Israeli hostages, as both Israel and Hamas agreed on the first phase of the ceasefire deal.
However, questions remain about the future of the Palestinian territory, its recovery and governance.
The first phase of the deal, based on US President Donald Trump's 20-point peace plan, will see things moving rapidly.
Within 72 hours of the expected "green light" from the Israeli security cabinet this afternoon, Israeli hostages must be released by Hamas.
It is expected that the 20 living captives will be brought home first - sometime by Monday.
The bodies of the deceased hostages would be reportedly released gradually, as Hamas is facing difficulties to locate some of them.
In the coming days, 1,900 Palestinian prisoners, including those given life sentences, are expected to be freed from Israeli jails.
The first phase also means that the strikes on Gaza, which have been relentless since the previous truce collapsed in March, must stop today. The smoke has been billowing over the territory all morning, as the Israeli offensive continued.
Along with the swap, the flow of humanitarian aid would increase to 600 trucks a day, with the UN and the Red Crescent managing distribution.
The Gaza Humanitarian Foundation is not mentioned in the peace plan.
Then comes the issue of the presence of the Israeli forces and Hamas in Gaza.
The IDF is expected to start withdrawing its troops imminently - but the details and the mechanics of this process are among the most contentious points of the agreement.
The Israeli army would move to the "initial line," as defined by the White House's proposal, followed by the second stage of the withdrawal, which might involve the deployment of international forces to guarantee security.
While Israel vowed it would not occupy or seize Gaza, it seeks to create a buffer zone inside the territory with the IDF troops stationed indefinitely (or until there is no "terror threat" as described in the proposal) - to protect it from attacks like 7 October, Israel argues.
The US and Israel have made it clear that Hamas could play no role in governing Gaza. The militant group would have to disarm - some members will be given "amnesty" and others allowed to leave to the neighbouring states, the US and Israel promised.
The demilitarisation of Gaza, also entailed in the plan, will see all tunnels used by Hamas, destroyed.
Whether Hamas concur to all of those demands down the line, is not clear.
According to the Reuters sources close to the negotiations, Hamas has so far refused to discuss its disarmament and would reject this "as long as Israeli troops occupy Palestinian land."
So, who will govern Gaza?
Israel and the US want to see a group of "vetted" Palestinian and international "technocrats" in charge.
Israel has long opposed the involvement of the Palestinian authority, though President Trump’s plan suggests it could take part after major reforms.
The region’s heavyweights Qatar, Egypt and Turkey are likely to play a crucial role in restraining Hamas and rebuilding Gaza, including paying for its reconstruction.
Arab countries say the plan must lead to eventual independence for a Palestinian state, while Hamas rejected foreign rule of the enclave.
In the two years of war, swathes of Gaza have been flattened, and more than 50,000 children under the age of five are currently acutely malnourished, according to the UN.
It will take a long time and a lot of work to revive and heal this land.
