Ethereum founder Vitalik Buterin tried to assuage the concerns of the community regarding the long-term future of the platform, the Strait is particularly light on some of the details of the transition from algorithm Proof-of-Work (PoW) to Proof-of-Stake (PoS) and final transition to Ethereum 2.0.
This issue has become one of the most widely discussed in passing in these days in Osaka Japanese conference Devcon5, but any clear answers for a long time was not. Moreover, after acne Buterin and Ethereum co-founder Joseph Lubin admitted that knew about the problems with scalability, in their address even began to receive allegations of deliberate selling fraudulent scheme.
Among the troubling community issues were immediate, the implementation of Ethereum 2.0, and in what condition will be then the current network, and that they tried to give an answer Buterin in his latest entry on the website ethresear.ch.
“Technically, the network eth1 will continue to exist, however the values, he will not submit. Eventually, when an ice age of complexity, she will die”, — he wrote.
The transition itself to Ethereum 2.0, he said, will take six hours, but the actual implementation may take up to two years. During this time Ethereum Fundation will work on the implementation phase 0-2. It starts with the introduction of the PoS algorithm, the network is ETH1 at the same time will work as before, however, withdrawal at this stage would be impossible.
For most users the process will going on in the background, the difference will be that every time a new transaction will be added to the witness information that will allow you to handle them already in the network, ETH2.
“You go to sleep and when you Wake up, the transition will be completed”, — says Buterin.
In August, the developers of Ethereum approved the final details of the upcoming hard forks Istanbul. It is anticipated that it will be activated in two stages. The first of them will include six major upgrades and is expected to be activated in November.
The second phase should be implemented in the first quarter of 2020. It will include changes that still require further development and testing, including a new algorithm for mining ProgPoW.
At the same time representatives of some of the projects are concerned that hardwork will lead to violations in the work of many decentralized applications (dApps).
In late September, Istanbul was activated in a test network Ropsten, however, occurred earlier than planned and led to the division of the network into two separate chains.
Publication date 12.10.2019
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