Cryptocurrency

Ethereum 2.0, but already in 2020? ConsenSys founders gives hope

With all the daily News about the number one Bitcoin it’s easy to forget that Ethereum is equally deserving of as a decentralized project, the attention of the Community. Unfortunately, the technical developments and the efforts of the developers in the last year, not in the ETH course reflect could. Unfortunately, this is exactly the reason why some lose interest in the project. Add to this, that one has promised the update to run Ethereum 2.0 (Serenity) faster results. The founder of Blockchain-company ‘ConsenSys’ now gives all Fans hope.

Ethereum 2.0 Is Coming By The End Of 2020?

In a on 7. January on the ConsenSys page published article of the co-founder Andrew Keysmit the name “20 Blockchain predictions for 2020” are Keys to all great hope, have written off the Ethereum 2.0 already.
As the title of the article suggests, covers a broad range of topics, from the global economy to human rights. The ultimate set for all of the Ethereum Fans is then:

2020 Ethereum will go on the Phase 0 of Ethereum 2.0 and beyond, and in the Phase 1 and the introduction of Shard Chains move.

In addition, Keys emphasized that Layer 2 solutions is the scalability of Ethereum 2.0 “turbo-charging”. The Updates are divided lead to Ethereum 2.0 in 3 phases: Phase 0, 1 and 2. Look at the Roadmap here.

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Opposition at the highest level

The statements of Andrew Keys cause some of the Crpyto-the area of confusion. Recently, the Ethereum founder Vitalik Buterin had told himself that it could “take years” until all the Updates are completely rolled out and the mood is spoiled. Ethereum is the most important and largest provider of DeFi. What DeFi is and why Ethereum benefited from it, you can find out in this article.

The statements of the Keys are not based on a full finished development of Ethereum 2.0. However, these are in contrast to Buterins statements positive. Read also the article how the Ethereum developers solved the Problem of the Difficulty Bomb and what this is exactly.
Many experts see in this connection also, that the technical development of many projects for ETH 2.0 still leaves much to be desired. It is to be hoped, that the 2. largest Crypto-project is developing magnificently and as soon as possible. However, it would not be the first Time that there would be significant delays. Read the last Ethereum rate analysis of our TA experts Felix and discover why a rating of ETH Zurich.
How do you see the development of Ether?

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About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.