Ethereum has been growing in recent years. For some time now, Ethereum 2.0 has been in the works and the system appears to have had its huge share of challenges with its launch postponed several times.
Nonetheless, the Ethereum Foundation has sought to assure the community in the last few months that the team is working hard to ensure that the new system goes live before the end of 2020. Ethereum 2.0 will soon be upgrading to help transition the Ethereum network from a PoW (Proof-of-Work) functionality to a PoS (Proof-of-Stake) system.
Interestingly, the optimistic forecast appears not to settle well with Justin Drake, a researcher who is linked with the Ethereum Foundation. In an Ask Me Anything (AMA) session on Reddit, Drake said that going by the current pace of development, the Ethereum 2.0 launch might be postponed until January 2021.
Why Not This Year?
Drake listed several reasons supporting his opinion and forecast. He said that the news system will have to be in a public testnet for some time initially. Then, the Ethereum Foundation will need to facilitate a bug bounty program; that will guarantee that the system operates flawlessly before it is released.
Notably, these conditions are yet to be met. That may delay the official release of the system. Particularly considering that a bug bounty program solely will take at least three months.
Buterin Disagrees With Team
Justin Drake’s statement did not go unnoticed by his team and colleagues at the Ethereum Foundation. Ethereum founder, Vitalik Buterin himself, showed up in the comments to offer his theory and explanation. Vitalik believes that the Foundation is ready to launch this system before the end of this year.
The issues with the testnet and the bug bounty program do not affect the Ethereum 2.0 launch plan in any significant way according to Vitalik. Interestingly, he had the support of the rest of the team at the Ethereum Foundation.
Danny Ryan said that the system is ready for launch in 2020. Going ahead, Vitalik said that the relative difficulty of launching the Ethereum 2.0; was not as significant as that of Ethereum 1.0. The system’s upgrade will happen in phases and the initial Phase 0 is somehow less complex.