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Vitalik Buterin Pushing for Ethereum 2.0 Launch This Year As Researcher Warns New Delay Likely

by Daily Hodl Staff
July 13, 2020
in Ethereum

Ethereum co-founder Vitalik Buterin says he doesn’t believe the rollout of Ethereum 2.0’s initial stage dubbed as phase 0 should be delayed.

During a Reddit Ask-Me-Anything session with the Ethereum 2.0 research team on Friday, Ethereum Foundation researcher Justin Drake says the practical launch date of Ethereum 2.0’s initial phase may not go live until early next year.

“Below are some of the things I want to see before genesis:

  • a public testnet with 3+ clients running smoothly for 2-3 months
  • an incentivised “attack net” running for 2-3 months
  • a bug bounty program similar to bounty.ethereum.org running for 2-3 months
  • serious differential fuzzing across clients

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. 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).”

Ethereum co-founder Vitalik Buterin disagrees with Drake’s view, saying the initial stage should be rolled out earlier regardless of the readiness of the project.

“I personally quite disagree with this and I would favor launching phase 0 significantly before that date…

Eth1 took four months from the first multi-client testnet to launch (~end of March 2015 Olympic to end of May 2015 for eth1 launch), and I’d argue the four-month clock started ticking for us at the beginning of July when Altona launched.”

Ethereum 2.0 is set to improve the scalability and performance of the blockchain by shifting from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism. The initial phase was supposed to roll out in January this year but researchers pushed back the deployment.

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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