April 24, 2024

Opinion: the potential of Ethereum 2.0 will be revealed only in a few years

Opinion: the potential of Ethereum 2.0 will be revealed only in a few years

The creator of MyEtherWallet is confident that Ethereum 2.0 will be launched this year, however, according to him, before "fullimplementation" of the new version of the network is still very far away.

MEW founder Kosala Hemachandra stated that the full potential of the ETH 2.0 version will berevealed only a few years later. 

Ethereum 2.0, also called Serenity, will have three phases. Hemachandra noted:

I think we need to wait a couple more years formaking ETH 2.0 a reality. Now everyone equates the launch of the first phase with the launch of 2.0. I am confident that the first phase will be launched on the mainnet this year.

He stressed that the developers are in no hurry with the release of the update, as they want to create the most efficient product.

Recall that with the transition to 2.0, the Ethereum network will change its consensus mechanism and addThis week, Ethereum's direct competitor, the Cardano blockchain, also upgraded to allow users to participate in staking the asset.

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Based on materialscointelegraph.com