Ethereum 2.0 is currently on target to launch in 2020 according to Danny Ryan, the lead coordinator for the project.
In the Ethereum Foundation’s official broadcast of the Zinken launch Monday, Ryan shared his insights as to whether ETH 2.0’s launch is on schedule for this year.
“That’s my impression. This is an ongoing dialogue with client teams, and we need to take a second to look at this testnet, but my understanding is that this will trigger the next series of things. There are always blockers that might show up. We need to do this responsibly…
Us coming up with a launch date – it’s not me, it’s not [Ethereum co-founder Vitalik Buterin], [rather] it’s this synthesis of everything that’s going on, conversations with engineering teams, and doing the best we can.”
The term Zinken refers to the final preparations that developers use as practice for the mainnet launch. On Monday, the testnet was launched without any hiccups.
Reddt user Superphiz, the moderator of Ethereum’s staking and investor communities on the social sharing platform, says there’s an “excellent chance” Zinken is the final testnet before the launch of ETH 2.0. The long-awaited upgrade will introduce staking and sharding, which are designed to significantly improve the network’s scalability and security.
Buterin said earlier this month that Ethereum 2.0 will rely on rollups to massively elevate the throughput of the leading smart contract platform by over 666,500%. Ethereum has faced criticism recently for network congestion and skyrocketing transaction fees.