RATE Group | Vitalik Buterin Says Much-Delayed Ethereum 2.0 Still on Track for July Launch
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Vitalik Buterin Says Much-Delayed Ethereum 2.0 Still on Track for July Launch

24 May Vitalik Buterin Says Much-Delayed Ethereum 2.0 Still on Track for July Launch

Posted at 13:38h in Cryptocurrency News by

UPDATE (May 12, 23:33 UTC): After this article was published, Buterin said he did not hear the word “July” in the question about Eth 2.0’s progress and misspoke as a result. Read his full statement here.

Vitalik Buterin said the Ethereum 2.0 protocol upgrade, which will change the consensus mechanism to proof-of-stake (PoS), is well on its way to launching sometime in July.

Kicking off the Consensus: Distributed event Monday, the founder of Ethereum told CoinDesk’s Michael Casey and Zack Seward the testnet for Ethereum 2.0 was already live and the first phases of implementation began about a week ago.

The Ethereum community started talking about replacing its proof-of-work (PoW) system – which is based on “work” done by miners and is also employed by the Bitcoin protocol – with PoS almost as soon as the network launched back in 2015.

Sometimes known as Serenity, Ethereum 2.0 has long been subject to delays. Although originally slated for January 2020, it was pushed…

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