Vitalik Buterin confirms Ethereum 2.0 must launch in 2020

• When it comes to Ethereum 2.0, there is a lot of information that has been thrown around that we all know about but when it comes to the launch date, there is next to nothing out there.
• Vitalik Buterin is under a lot of pressure to perform with this new update and the pandemic clearly hasn’t had a positive impact on the development. 

When it comes to Ethereum 2.0, there is a lot of information that has been thrown around that we all know about but when it comes to the launch date for the new protocol, there is next to nothing out there. The co-founder of Ethereum, Vitalik Buterin is clearly under a lot of pressure to perform with this new update and the COVID-19 global pandemic clearly hasn’t had a positive impact on the development side of things. 

One of the big things that impacts Ethereum as it is right now, is scalability. With the transition to proof of stake, if done right, could significantly increase the demand for Ethereum which adds to what is already a highly anticipated bull market for bitcoin.

The first partial launch of Ethereum 2.0 was scheduled for the 30th of January this year. As the Ethereum foundation researcher, just in Drake said, phase 0 could be on track for lunch by the 30th of June which was also confirmed in a report released that same month by the SEBA digital banking company.

Although interestingly, Drake said that the launch could be delayed until January next year but Buterin was quick in saying that Ethereum 2.0 must launch in 2020.

Yet even though we have this confirmation by Buterin, there is no real launch date confirmation as of yet. One researcher and developer for the project, Danny Ryan said:

“Eth2 is a huge undertaking to provide an upgraded, next-generation, highly-scalable and secure, decentralized consensus to Ethereum. There are dozens of teams and hundreds of individuals working each day to make this a reality. The path we’ve chosen is difficult, but immense progress has and continues to be made.”

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