September 29, 2020

Developers propose to launch PoS on the Ethereum network

Developers propose to launch PoS on the Ethereum network

The long-awaited transition to Ethereum 2.0 may take place very soon.

Danny Ryan, one of the main developers in The Ethereum Foundation, today officially submitted a proposal to GitHub to switch the Ethereum blockchain from proof-of-work (PoW) to proof-of-stake (POS).

After the approval of this proposal, the zero phase of Serenity will be launched, during which the transition to PoS will take place. This is expected to happen this year or early next year.

The Ethereum 2.0 update should address network scalability issues through the concept of sharding.

Serenity Phase 0 is the first stage in the complex multi-stage launch of Ethereum 2.0. The next phase is expected to launch in 2021.

As a reminder, the popular web service MyEtherWallet (MEW) has released a new Ethereum blockchain explorer called EthVM.

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According to the materials https://www.theblockcrypto.com/linked/77888/ethereum-2-0-transition-serenity-phase-0-proposal-submitted