Ethereum puts off Eth 2.0 launch

Ethereum’s next system-wide upgrade, Eth 2.0, won’t launch in Q2 2020 as expected. The Eth 2.0 team said the network won’t launch until three clients can run testnets consistently for a minimum of eight weeks. Ethereum co-founder Vitalik Buterin and Eth 2.0 researchers Danny Ryan and Justin Drake said the initial network parameters will deploy in 2020 as “anything less would be considered a failure”.

Eth 2.0, the next iteration of the world’s leading smart-contract blockchain, promises higher transaction throughput and a new security model under Proof-of-Stake (PoS). Often called Serenity, Eth 2.0 has been in the works since ethereum’s launch in five years ago but has been slow to get off the ground due to the highly technical nature of the endeavor.

The launch for Eth 2.0 was first slated for January 2020 and then an undisclosed date in Q2 2020. Developers are now eyeing the network’s fifth anniversary, 30 July, 2020, for Eth 2.0’s debut.

The researchers believe Eth 2.0 could deploy Phase 0, the Beacon Chain, which acts as a general manager of Eth 2.0’s PoS system, on only two stable clients. Other Eth 2.0 researchers are opting for a more conservative approach, however.

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