Ethereum 2.0 May Be Launched in 2020, Says Andrew Keys

Ethereum 2.0 (Serenity) will be rolled out late this year, said ConsenSys Co-founder Andrew Keys.

“2020 will see Ethereum move stridently beyond Phase 0 of Ethereum 2.0, onto Phase 1 and the launch of shard chains,” Keys said.

However, ETH developers have not fixed a date for launching the phase 0 as many believe that it would be issued during the summer of this year.

Analyst Alex Stokes said the security of Ethereum 1.0 will be increased after activating Ethereum 2.0 because of the ‘Finality Gadget’ feature that will make the network more secure.

“If we can feed Ethereum 1.0 block data into Casper’s “finality engine”, then we can utilize the enhanced security of the proof-of-stake protocol on the existing proof-of-work network,” he said.

The global software development company GitHub has published the Ethereum 2.0 specifications.

ConsenSys, a Blockchain technology company, said in its mid-2019 roadmap that phase 0 would be implemented by year-end. It added that the move will be followed by launching the Beacon Chain that is based on the Proof-of-Stake Protocol.

Ethereum Co-founder Vitalik Buterin said, “Right now we’ve worked hard to make the total eth2 state size under 1 GB so that you can do everything in RAM and so that the requirements can be lower than the eth1 system today.”

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.