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Ethereum 2.0: Still no launch date in sight, but how will the launch impact the market?

 
Ethereum 2.0: Still no launch date in sight, but how will the launch impact the market?
Ethereum / Breaking News / ETHUSD
  • The team at Ethereum and it’s co-founder, Vitalik Buterin are most likely under a lot of pressure right now for Ethereum 2.0. 
  • With the global pandemic of coronavirus in full force, this probably hasn’t helped the situation over at Ethereum.

The team at Ethereum and it’s co-founder, Vitalik Buterin are most likely under a lot of pressure right now for Ethereum 2.0. With the global pandemic of coronavirus in full force, this probably hasn’t helped the situation over at Ethereum. There was much speculation in regards to Ethereum 2.0 in regards to whether it will launch in the second quarter of this year, but given the pandemic this didn’t go as planned…

Even though we have a lot of information on how the project is doing and how its development is progressing, we don’t have a specific launch date as of yet. If done correctly, the transition to a proof of stake algorithm code could fix scalability issues on Ethereum. As a result of this, there could be a massive bush movement with staking significantly increasing demand for Ethereum. It would be on top of the market and which is already expected to be very bullish for the leading cryptocurrency, Bitcoin.

The first initial partial launch was scheduled for the 30th of January this year and as the Ethereum foundation researcher, Justin Drake explained, phase 0 could’ve been on track for launch on the 30th of June. 

But Drake went on to assert that the launch could be extended to as early as January next year due to a significant round of setbacks

Interestingly enough, in the latest research & development report on Ethereum 2.0, there is no mention of a possible launch date. Although, this was published towards the end of June so maybe the team has a better idea now (albeit only a few weeks later) as to when they will launch the next phase.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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