- Ethereum developers are concerned about launching ETH 2.0 before 2021, which may not give devs adequate time to iron out bugs.
- Vitalik Buterin disagrees, saying the risk of launching in 2020 is acceptable given that most applications will remain on ETH 1.0.
- Ethereum 2.0 has been delayed time and time again, so missing the November deadline wouldn’t be surprising.
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According to Justin Drake in a Reddit AMA, the Ethereum network is not yet prepared for a successful ETH 2.0 launch. After the public testnet goes live, developers need at least two to three months to iron out bugs, argues Drake. With Thanksgiving and the December holidays on the horizon, there might not be enough time to test everything thoroughly:
“All the above cannot happen in Q3 2020. With Thanksgiving on November 26 and the December holidays I’d say the latest practical opportunity for genesis in 2020 is mid-November, 4 months from now,” says Justin Drake. “As such, I’m now inclined to say that the earliest practical date for genesis is something like January 3, 2021 (Bitcoin’s 12th anniversary).”
ETH 2.0 is the next version of the Ethereum blockchain, changing its consensus model from proof-of-work to proof-of-stake with the aim of making the network faster and more scalable. The change would do away with mining rewards and instead reward token holders for staking their ETH.
This isn’t the first time Ethereum 2.0 has been delayed. Vitalik Buterin started considering proof-of-stake as early as 2015, and first expected a transition to proof-of-stake in 2018. Since then, there has been a long string of delays.
More recently, the testnet was supposed to go live in January 2020, but was then delayed to June, and again delayed to July. According to Ethereum 2.0 coordinator Danny Ryan,…