RATE Group | Ethereum 2.0 Release Date Set for the Eleventh Hour as Issues Persist
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Ethereum 2.0 Release Date Set for the Eleventh Hour as Issues Persist

23 May Ethereum 2.0 Release Date Set for the Eleventh Hour as Issues Persist

Posted at 13:05h in Cryptocurrency News by

The launch of Ethereum (ETH) 2.0 may be delayed yet again after developers rescheduled the network’s proof-of-stake algorithm upgrade for June 2020, as reported by Cointelegraph on May 15. Taking into account all of the factors surrounding the highly anticipated launch, the statements made by the development team can be construed as an almost official promise. Or, as the devs themselves say, “carefully” optimistic, meaning that the critical update is still not in sight. 

The main reason for the note of this careful optimism is the presence of multiple bugs in the system that the Ethereum team is striving to fix while other platforms are successfully launching their proof-of-stake networks. Why is it taking so long for Ethereum to implement its final upgrade phase before becoming truly scalable, and can this delay mean that Ethereum 2.0 is losing the scalability race?

Tinkering with bugs

The true scalability of Ethereum is constantly encountering hurdles along the way to…

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