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Ethereum is making progress, but the timeline for a full ETH 2.0 release is not coming any closer. According to a recent official blog post, we can expect “potentially many years before a full ‘Ethereum 2.0’ roll-out.”

With the recent Istanbul hard fork update, many in the Ethereum community were enthusiastic about Ethereum 2.0 coming soon. This enthusiasm, however, fails to grasp the complexity of the work the Ethereum developers are undertaking — and it’s going to take them a lot more time.

Source link here (https://beincrypto.com/ethereum-2-wont-be-released-for-potentially-many-years/?utm_campaign=amba&utm_medium=social&utm_source=bitcointalk&utm_content=jc)

It looks like we are waiting not just few years. But many, many, many years! So I'm saying like in 2030?

I knew that the Ethereum and crypto community are waiting for the 2.0 to be launched sooner than later, but that won't be happening.

As the old saying goes, "Rome wasn't built in a day".

Yeah, I know this is kind of an old stuff to say, but I kinda agree with it though. They say that it may take a long while for Ethereum 2.0 to be in full effect.

For crypto enthusiasts out there (especially who are supporters and holders of Ethereum), I know this isn't something you are excited about. However, if you think about long term, that's where we all should be excited.

If I predict right that it'll be going "full force" in 2030, I should be 40+ by that time.

"Rome is not built in a day" it is a reality in a long process as well as ethereum of course also requires a process to build everything from the beginning until now and added to the problems that must be resolved include:
1.chain storage
2. Block size and transaction throughput
3. status size and network performance
and here I feel proud because the team is trying hard to solve it!
BTW as I know in 2020 ETH will release a POS, is that true?

It is good to see a change in the perception of things, rather than predicting the price of ETH to go off the charts after they release the ETH 2.0 you are coming up with a neutral prediction and it is most probably true as there is nothing that shows that the price of ETH will rally in the next few years and we need more improvements and applications for ETH to be fully utilized and for that it will take time and it is not a cash cow anymore in the short term.

If ethereum is to hold the 2.0 to 2030, it would be dead before that. Crypto market is rapidly changing and the ones that are not capable of adopting with the changing preference of the market, they'd be dead.

That's too long for 2030, Ethereum 2.0 will be released as soon as possible and not for another 10 years, maybe people won't like it anymore.
I myself have not found an article about Ethereum 2.0 when it will be released and it has not been determined exactly and may only be able to wait for market capitalists to increase again.

There's been news of beta testing starting form Jan 2020 and unlike some other utility tokens, Ethereum has a vibrant development community. Though they don't always agree on matters, they are impressive in finding and solving things. Ethereum 2.0 is certainly going to boost the adoption and use of Ethereum.

From what I've read Ethereum 2.0 is to be released by 2022 and if no significant problem arises, they should be able to move things to Ethereum 2.0 by than. Still that would not be the ultimate upgrade as more are scheduled as development is a continuous process.

Man, believe it or not even if it's launched tomorrow if won't make it even 50% more of where it is now (from price perspective).
The whole market is kind of saturation & waiting for the next BTC Halving that the crypto communities think it's gonna shake it a lil bit & break this ice bear.

ETH 2.0 is crazy when it comes to blockchain innovation & technology, but it will take more time for Ethereum to be that $1k minimum even in the bear market.

Yeah that's true they will Launch the POS method on Ethereum with a minimum around 32 Ethereum Need for you to be able to do the POS

There are many timelines circulating about ETH 2.0 and we can't be certain when it's going to make a transition completely.
I'm sure that it's going to be in phases and it's not going to happen until and unless they have tested the phase entirely but a release of 2022 should be feasible as they working on it for years.

Yeah, I thought the proof of stake change was being made early next year, and I *thought* it was happening next month actually.  I don't know how long it's going to take for all the changes to roll out, but I'm very much looking forward to being able to stake Eth even tho I don't yet have 32 Eth.  In fact I started a thread about how the staking is going to work last month and nobody seemed to know, and I am very curious about it still.

As long as the staking part happens, I can be patient for the rest of the 2.0 stuff.  The devs want to make sure everything is done right, and that's a good thing in my opinion.

Yeah, I read some narrative saying that ETH will undergo Proof of Stake Transition (PoS) that will also take a long time for the Ethereum team to finish. And it also says that it can cause imminent unprofitable for all miners  that can also cause slow transaction on the ethereum ecosystem.

I think it is a FUD and it is not going to take that many years, most of major upgrades are coming up in 2020-2021 so most of the upgrades will be completed in next 2 years and then the fine tuning and improvements may continue along the sidelines and that is very normal because every online company, software, app or blockchain network keeps on working to improve their products and services behind the doors.

I thought it is a typo when you have said "2030". Isnt it that ETH 2.0 will be launching by next year? if it will take up to 2030, forget about it because there might be a new tech that will emerge and replace it.

I agree to you dude maybe this is a typo error when they said 2030 this is too long to wait many altcoins project will take advantages if this will happen for too long and infact ethereum already make some move and surely will gives a big announcement in the next 1 to 2 years, improving their product and services is one of the major things thatthe company need todo.

I can not give an opinion on the exact date of ETH 2.0. Actually, it is undesirable that some difficulties arise while waiting for next year, but yet I do not think there will be a problem in this regard, some improvements have already been made in the Istanbul hardfork, such as gas efficiency and speed improve. Do not worry, ETH 2.0 will be released until 2030.

Im not sure if that will be dead but the valuation can go even lower than the current rate of ethereum. But again, the hardfork will come in every year that means the update will always be there. it appears to change the consensus of the ethereum blockchain is something that needs a lot of effort and a good strategy consider ethereum is a very big POW coin right now with so many clients and miners. By changing the consensus to make it better and you need to change all of the structures that already used by ethereum in the POW consensus.

you need to re-structure your blockchain to fit with the POS consensus and that may need a lot of time. That's why people are very optimistic about that when they don't know the difficult part is the implementation. You wanna change the consensus and you need to change everything.

if so, with the requirements we must have 32 ETH to do POS I am sure of the effect on the future price of ETH because of increasing holders and minimizing people to sell it

2030 a very long time, I don't think it will take years maybe 1 year is more than enough, but don't understand if it has to be like that we can only respect every decision, but it will damage the trust of the ethereum community that should be released Q1 2020, I think one year is far more enough because the growing market value will make ETH grow faster, just waiting for what's interesting about ETH 2.0

Yes I agree I am surprised its taking this long for them to actually roll-out PoS. And right now they have lots of developers and this should of been done years ago. I remember I started to mine ETH in late 2015, bought a bunch of GPUs and in middle 2016, I stopped buying GPUs because it was rumored that it would be full PoS by end of 2016 and its been 3 years since the initial deadline and there is still not PoS in sight.

Feels like a bummer because if it wasn't for me not upgrading my farm, I would of had more ETH to sell in the $1000 area when it hit $1400 back in early 2018, however since I didn't expand for more effcient rigs and hardware I was mining with older GPUs which mined less ETH. And this was back in the days when the ETH hashrate was considered low, basically even with a low ETH price you still could of earned $2/day/GPU. These days its probably like 10% of those figures.

So who knows when it will exactly come out. Most likely it will be some hybrid type of PoS setup.

I am confused though if this is legit news or not and another confusion is the ETH 2.0 suppose to introduce the POS staking ability on the ETH blockchain? If that is the case ETH will be in trouble because many people are looking forward to it, look at tezos project, it's presently the best staking coin and the price keeps rising

I also think so, a big platform like etherum might not wait long. after all, the purpose of etherum 2.0 aims to immediately change the state of the etherum market so that it can quickly go up and compete with other altcoins.

I am not against at eth but I think if we will wait for 2030, it is long time,it is decade. So honestly speaking it is clear that waiting for another eth version is waste of time.  I think if you are going to invest now on other like in bitcoin, when 2030 came you are already successful so don't waste your time to wait for not really sure innovation.

Actually how long it will take for eth to update to 2.0 will not affect the fans. It is precisely because of this complicated update process that people will respect eth because it will successfully launch 2.0. I consider this op's words like dissatisfaction with the promise of an eth 2.0 update that is not coming. I don't know if he holds eth to wait for profit when it updates later or not. What is clear is an update will occur.

op speculates about predictions for when the full effect will occur, if eth 2.0 actually occurs in q1 next year even though it is still in the zero phase, it will still undergo a long transition process from two different chains between versions 1.0 and 2.0. I also don't think that far, what is very clear is that the plan for next year will coincide with Halving btc, the market will experience interconnected hype without looking at eth projections specifically.

yep , as far i know project will be started on january next year .
but on another article i read, it will be started on june next year , well whateva , as long that happened on 2020 , its surely good , since bitcoin halving make good sentiment on crypto world, as the runner up on crypto market, i also believe ETH 2.0 will make a new good sentiment for crypto world.

Developing and updating a platform is indeed not easy and requires time to perfect it. I know ethereum 2.0 will be launched in 2020, but of course the new ethereum platform will not work fully, it will take time to run it, there may be trouble errors, and bug fixes. We as platform users must also provide feedback if we find the weakness of the upcoming Ethereum 2.0 platform.
If the maturation of the platform and trial until 2030, in my opinion it is usual to create a perfect platform and work well.

I don't know if the OP is being sarcastic of saying by 2030? But I guess it will be in the 2020s.


Very true, it will require number of years to determine if the network is truly serving its purpose. But this only shows that eth network will be here for another couple of years or so. They are one of the platforms that are continuously looking for improvement on their services. And this is a good thing as their value will also increase.

Very long to wait until 2030? Whether during that? I think just not too long to Ethereum to 2.0, but if it is full power will happen 2030 why not? Instead, it's great to hold a little start now for long term investments.

If that long then many projects below eth will probably step up. Of course people and investors only interested on projects eith moving parts, so to say is, If eth will delay this further then how the community will trust them with investment of their coin? It the accomplishment can be done in longer time. The implementation should not be far cause new blockchain can easily changed from POW to POS.

I think Ethereum 2.0 should not need too much time to take fully effect. These day, technology grow too fast and within a year any project can beat other project easily. If Ethereum keep slowly release Eth 2.0, other competition may have release better product and then no one will know about Eth 2.0.

It would be extremely disappointing in my opinion if it took more than a year or two for ETH2.0 to kick in.

This is because of the fact that the whole narrative of ETH was based on the fact that it offers a more scalable version of BTC, and there was a period of time where ETH transaction fees were more than that of even BTC's iirc.

It's obviously a huge hit and a big reason why price action is subdued. If they can get ETH2.0 to work in the near future then they are able to turn this ship around.

Hard fork I think should not take that long except they are considering the current value of ethereum. Remember the last bitcoin fork was around the greatest bull run in the history of cryptocurrency.

If it's going to be that long, I guess everyone will be bored and this can finally one of the reason for the people ethereum to dump it willingly. But as long as there are updates that are being said by the team, this can make ethereum alive and continue to be the top 2 cryptocurrency.
2030 is truly a long time to wait and I don't think everybody is willing to wait for that long.

I think that ethereum waits until 2030 is too long and maybe if we wait until 2030 ethereum will crash and become zero. at this time the situation in ethereum is very bad, some investors have also begun to leave ethereum because the value of ethereum has continued to decline in the past two years. I think the ethereum developers must release eth version 2.0 soon in order to attract more investors. if the ethereum developer does not develop the technology then ethereum will be abandoned and replaced by another coin.

It's not about tech upgrade but the complexity of the works needed in order to transfer on a new scale blockchain without any hassle. For sure Eth consider this already but of course they wanted to secure a full blown success of their migration. Remember this isnt a simple fork this is a complete changing from PoW to POS so many things should be consider.

I don't think it took so long. You know, the market capitalization is down very strongly and businesses like Ethereum often have to take advantage of something new to attract more capital from new investors into the market. Therefore, they still have daily hardwork to produce a great result for us in 2020 or 2021 by the latest. I believe that the market has grown stronger and Ethereum 2.0 will be completed sooner than you think.

Nevertheless, it is the update that Casper should implement PoS, instead of PoW.  First of all, this will increase the reduction in the size of energy consumption and, accordingly, reduce the intensity of the emission of harmful substances, which will protect the environment.  In addition, the Casper update makes it possible with PoS to strengthen the decentralization of ethereum, since in fact any attacks and interventions will become unprofitable and too expensive.

Bitcoin transaction took 40 minutes.
Ethereum transaction took 40 seconds.

Both were paid with their maximum fees.

Which one is more prepared for the upcoming storm?

Wow, this is really going to take a long while but I don't think the Ethereum community will be very pushy if the developers need this time in order to make this upgrade and development secured.

As different rumors another hard fork is coming this year and next year. Ethereum 2.0 won't take more time,Vitalik" Buterin tweeted that Ethereum 2.0 will be on beacon chain and demo already version already demonstrated. 2030! Unbelievable!! I assuming for after Q3 2021 to see full affect of Ethereum 2.0.

The community will definitely support this development because ethereum has a great potential value that really needs to be upgraded. Either it may take longer than 2030, it's not a problem as long etherem 2.0 will finally be happening.