When is the good day to release Ethereum 2.0?
Ethereum is by far the most popular launching pad for decentralized applications.
Powered by Ether, which is the second most widely known cryptocurrency. The Ethereum project is backed heavily by the community and is being actively developed.
Ethereum 2.0 has been discussed and developed since 2018 and named “Serenity”. Tentatively planned for launch sometime in the first quarter of 2020, 2.0 version is expected to move the world’s second-largest blockchain platform away from a Proof-of-work (PoW) system of transaction validation to Proof-of-stake (PoS) which is expected to be more scalable and energy-efficient than PoW blockchains like bitcoin.
The fifth anniversary day would be perfect
Justin Drake, the researcher at the Ethereum Foundation and Ethereum 2.0 contributor, proposed his ‘natural candidacy’ for the ‘Hello World’ date of Ethereum 2.0. He said that the fifth anniversary of the Ethereum blockchain, July 30, 2020, would be better suited for this event.
On December 15, 2019, he explained why he decided to choose this date in another Ethereum 2.0 repository. He used the only indicator: three months of reliable operation for a multi-client testnet.
Mr. Drake hopes that this testnet will be deployed in Q1. So, accordingly to his estimations, it could be launched as early as in Q2. “We’d be looking at Q2 launch at the earliest,” he said.
Maybe a little sooner?
Danny Ryan, the core researcher at the Ethereum Foundation and another major Ethereum 2.0 contributor, supposes that the ETH2 mainnet may be launched earlier. He adds that he ‘continues to be much more optimistic than the date in this PR (pull-request).’
Other participants of the discussion avoided announcements of some exacts release dates, they proposed to estimate it later with more development progress to come. Most likely, it will be released in 2020.
In preparation for the historic upgrade, founder Vitalik Buterin is currently educating users and application developers about what’s in store come 2020 and beyond. Coupled with five blog posts addressing concerns and long-held unknowns about the Ethereum 2.0 network have become highly popular reads in the cryptocurrency community. You can read each of his blog posts: post no.1, post no.2, post no.3, post no.4, and post no.5.