Ethereum CEO Vitalik Buterin published an infographic roadmap for the transition from Ethereum 1.0 to Ethereum 2.0.revealing an action plan that can take up to 10 years.
“This is my rough idea of what the next ~ 5–10 years of Ethereum 2.0 might look like.”
From the diagram presented on Twitter, it becomes clear that the development is not as simple as expected, or as the Ethereum team, who predicted the end of work in January, thought.
The zero phase involves solving a seriesquestions for integrating the Ethereum 2.0 client with Ethereum 1.0. and testing the possibility of merging two systems. After which it is possible to abandon the Proof-of-Work algorithm. Further phases are marked by the work plan for the Ethereum virtual machine, and various network issues.
Buterin’s biggest concern is the complexity of the project and the transformation of the Ethereum blockchain into a blockchain created “with pieces of other blockchains”.
However, even if, hypothetically, Ethereum should succeed in developing ETH 2.0, over the same period of time, other blockchains will develop and set new records.
Read this:
Vitalik Buterin: private and decentralized coins are better than digital currencies of central banks
Buterin considers Ethereum stronger than ever
Vitalik Buterin hinted at the possibility of a merger of Ethereum Classic and Ethereum 2.0
Vitalik Buterin: Ethereum-based DeFi applications have made great strides
Vitalik Buterin: Ethereum Foundation earned $ 100 million on 2017 price peaks
Vitalik Buterin advised the developer to use “crappy sidechains” instead of Ethereum 1.0