Crypto News

Acne Buterin confirmed that the Ethereum blockchain 2.0 will be launched in July

The launch of Ethereum 2.0 support mechanism of consensus Proof-of-Stake is to be held on the plan in July, said project co-founder Vitalik Buterin during the conference Consensus: Distributed this Monday.

Initially the launch of Ethereum 2.0 was scheduled for January 2020, but subsequently moved to the second quarter, and then a third. Since the beginning of the year, the developers focused on July. Many expect that the network launch will be held on July 30, the fifth anniversary Ethereum (ETH).

Acne Buterin noted that the test Ethereum network 2.0 is now operational and the first stage of implementation began a week ago. According to him, several teams taking part in the development of initiatives for scaling that may be implemented soon after the successful launch of PoS.

These include, for example, sharding, which allows you to split a single network into multiple subnets, improving the speed of verification. In addition, one of the proposed solutions for scaling the second level is Optimistic Rollup, “in theory capable of processing more than 1,000 transactions per second” even in the current version of Ethereum, added Buterin.

Co-founder and former CTO of Ethereum’s Gavin wood at the same event criticized his former colleagues for the bad, in his opinion, the control structure which prevents the interests of community members.

Last week, a client developer Ethereum 2.0 Ben Edgington said that he is “80-90% confident” in the ability of the new network to start the third quarter.

Publication date 12.05.2020
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