This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Ben Edgington advises on Eth2 across ConsenSys. Prior to joining ConsenSys, he was Head of Engineering for Information Systems at Hitachi Europe.
My life would be much easier if I could give you an exact date when Ethereum 2.0 will go live, if I could show you a two-year committed road map or explain precisely how cross-shard transactions will preserve DeFi composability. I’m pretty sure failing to have answers on issues like these would have gotten me fired from my old, corporate job.
But I am completely confident of this: 2020 is Ethereum 2.0’s year of delivery. The signal event will be the genesis of the beacon chain in the early part of the year. With three or four production-ready clients and 500,000 ether staked, this new Proof-of-Stake chain will start completing the first and most challenging phase of Eth2’s delivery.
How can I be so sure of this yet relaxed about not having all the details nailed down? Well, that’s the magic of Ethereum’s development approach. It’s an approach I’ve learned to trust over the 18 months we have been building this. Amid all the market ups and downs and all the competitive uncertainties, this approach continues to deliver. I call it ethereum’s superpower.
Doing things the way they have always been done is not going to change the world. Ethereum’s ambition is to be world-changing. It has to be global, distributed, inclusive and empowering. Unless our development process is equally global, distributed, inclusive and empowering, then Conway’s law – that systems reflect the structures of the organizations that design them – says we’re going to fail.