NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Top Developer Says Ethereum 2.0 Will Launch Sooner Than Expected

Samuel Wan
Samuel Wan
5 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Following delays to the rollout of ETH 2.0, it’s no secret that the Ethereum community grows restless over the wait.

A recent public discussion on the matter had Ethereum Foundation Researcher, Justin Drake give a tentative date of January 2021 for Phase 0 rollout, during a Reddit AMA.

The announcement garnered a mixed response. Some took the view that the slow progress to date has tarnished Ethereum’s credibility, leading the door open for competitors to gain ground.

” It makes it look like Ethereum has lost the “hunger”. Which opens the door to all the scrappy Ethereum killer VC chains who have no problem putting the pedal to the metal.”

Others took a more pragmatic approach by acknowledging the need to get things right the first time around.

Ethereum co-founder, Vitalik Buterin, took heavy criticism for expressing his desire to launch well before January 2021, even if things aren’t ready.

ethereum price
The weekly price chart of Ethereum. Source: TradingView.com

Ethereum 2.0 Will Be Ready Late 2020

In an unexpected twist to the saga, Ethereum developer, Afri Schoedon believes Phase 0 will be ready for launch in November 2020.

Reports have circulated that the development team is struggling to meet soft deadlines, as a result of building with legacy architecture in mind, but Schoedon paints a contrasting view.

Schoedon stated that the team is making good progress and on schedule for launch during late 2020. He also remarked that Drake’s provisional date of January 2021 would be overkill, barring the discovery of severe issues.

“The Ethereum 2.0 beacon chain will launch in November unless we find severe bugs in clients or protocol. I’m in-between Vitalk and Justin with my estimation here, I don’t think that we necessarily need to delay Ethereum 2.0 into 2021 unless we find critical issues. We are well on track for a late 2020 launch.”

During the interview, Schoedon spoke briefly about his area of responsibility, developing the multi-client testnet. He confirmed that all is going as planned and that the multi-client testnet will launch in the near future.

“Currently, at least five clients implement the latest version of the Ethereum 2.0 specification. The currently running Altona testnet appears to be stable which featured four clients in Genesis and just added a fifth with Lodestar. This allows us to prepare launching the official multi-client testnet Medalla very soon, which would mark the final step towards an Ethereum 2.0 mainnet launch.”

Phase 0 Sets The Foundation For Proof-of-Stake

Much anticipation surrounds the launch of Ethereum 2.0, in particular, the move to a Proof-of-Stake (PoS) consensus mechanism.

The race to complete Phase 0 refers to the launch of Beacon Chain. This will implement PoS and manage the registry of validators.

Ethereum developers have stated that Beacon Chain will initially run in parallel with the existing Ethereum chain. But it will not be able to process transactions, execute smart contracts, or host dApps.

Instead, at Phase 0, it will provide the live testing ground for PoS until Phase 1.5. At this point, the two blockchains will merge to form a single Ethereum network.

Implementing this while administrating a live chain means the Ethereum team have their work cut out for them. For that reason, delays are somewhat understandable.

However, it remains to be seen if Schoedon’s optimism is justified.

Tweet123Share196ShareSend
Samuel Wan
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Treasury Boom Drives Demand: Can The Market Handle The Risks?

Ethereum Treasury Boom Drives Demand: Can The Market Handle The Risks?

Ethereum is undergoing a correction after weeks of strong momentum, but institutional adoption is quietly reshaping the market’s long-term dynamics....

Sebastian Villafuerte 1 week ago
Ethereum Demand Holds Despite Pullback: New Whales Enter With $192M Buys

Ethereum Demand Holds Despite Pullback: New Whales Enter With $192M Buys

Ethereum is testing critical demand levels after a sharp pullback from its recent peak at $4,790. The correction has pushed...

Sebastian Villafuerte 1 week ago

ETH in Calo: Record Posizioni Short su Ethereum

Ethereum è sotto pressione con il prezzo recentemente sceso sotto la soglia dei 4.300 dollari. Dopo settimane di forte slancio...

clararosati 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Captures Investor Frenzy, Overtakes Bitcoin With Nearly $3-B Surge

Christian Encila 1 week ago
ethereum eth ethusd (1)

Ethereum Nears $4K as $4B Supply Overhang Looms: Analysts Fear Deeper Losses

James Halver 1 week ago
Ethereum

Ethereum Price Squeezed In Falling Channel – Bulls Eye Rebound To $4,788 If This Support Holds

Godspower Owie 1 week ago

Premium Sponsors

Press Releases

  • Seize the XRP Surge: ETHRANSACTION Mining Platform Allows...

    1 week ago
  • Négy altcoin, amely több mint 200%-os növekedési potenciállal rendelkezik|Új történelmi csúcs a Bitcoin árfolyamában

    Négy altcoin, amely több mint 200%-os növekedési...

    1 week ago
  • Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe rekordy cenowe Bitcoina

    Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe...

    1 week ago
  • HTX Launches 12th-Anniversary Carnival and Embarks on a New...

    1 week ago
  • 仮想通貨 おすすめ:Token6900が急成長、次のビッグミームコイン候補か?

    TOKEN6900 プレセールが220万ドル突破 –...

    1 week ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.