Bitcoin Forum

Similar to the bitcoin ETF series of delays, I have already speculated that Ethereum 2.0 might have its own series of delays. This news article might be the beginning of one report of many.



‘95% Confidence’: Ethereum Developers Pencil In July 2020 for Eth 2.0 Launch

Ethereum’s next system-wide upgrade, Eth 2.0, won’t launch in Q2 2020 as expected, but researchers remain confident the initial network parameters will deploy in 2020. Anything less would be considered a “failure,” they said

Read in full https://www.coindesk.com/95-confidence-ethereum-developers-pencil-in-july-2020-for-eth-2-0-launch

Bitcoin has gone forwards well without ETFs and ETH will go forwards well without 2.0 upgrade. Of course, it is better if the upgrade will be released at the right time and have good additional supports from the market.

The delay of that upgrade help to reduce risks for fomo traders and fomo investors.

Ethereum 2.0 is a must but that will get another delay. Before this news has already released and this has already started by some core developers from ethereum foundation if the ethereum 2.0 implementation may get another delay until 2021. Just try to expect if that will come next year. Im not even feeling good with so many people are still saying if that will come this year.
That needs a lot of tests to avoid network failure and the beacon chain needs to get some tests again.
It's up to them to FOMO this update or not but the proposal for ethereum serenity has already made but the implementation needs a lot of work to avoid the conflict between ethereum 1.0 and 2.0.
That's also aiming to make the majority of people wanna migrating into the parallel chain (beacon chain)

Does Ethereum 2.0 needs approval too from SEC just like how Bitcoin ETF is?

I still don't understand why this is taking too long.
I thought it was really January of 2020 where they will start it.

What I know is that their clients have not yet finished doing tesnet, as was said at the AMA session on Reddit They remain confident that this Ethereum 2.0 hardfork will continue this year. I think they will launch it to coincide with the anniversary of Ethereum in July.

It was expected that Ethereum gonna delay the ETH 2.0 upgrade, they delayed last year's hard fork too. This types of delaying seem not cool to me, it harms the hype and people's expectation. Because every crypto supporters are waiting for long to see a significant upgrade in Ethereum.

I'm not sure but looks like SEC will interfere again on this improvement that will be made on eth once they launch it. Of course delay is always inevitable and crypto users shouldnt expect the full development will be achieved by 2020. They can be some sort of start already but the full running will be seen on the few years and I know this will be a good opportunity on erhereum project.

Its already a failure, 2.0 was suppose to happen at beginning of 2018, well that was the promise at launch time

You are saying the truth, mate. Ethereum price will do better with the Bitcoin halving. Whenever Bitcoin price grew up, Ethereum price increased well. So, in the next bull run, the same thing will happen again. Ethereum doesn't need ETH2.0 to increase in price, the bull run in Bitcoin is enough. But yet Ethereum should come with many developments and upgrading to stick on the second in the crypto market. I hope as it is coming after the Bitcoin halving, so ETH2.0 will impact highly in Ethereum.

No it is not. It would be a failure if they released Eth 2.0 and it won't work or lacked of innovation.
Now it is delayed and losts in value over time because nothing happens with Ethereum actually.
After halving and PoS nobody will say that Eth 2.0 was a failure

Then beginning of 2020, then pushed again?

I guess everyone will grew tired of this unless the people behind are really going to follow their schedule. Although I would understand that one cause of the delay is that they want to system to be ready and without loopholes and blips and free of bugs.

But its been delayed many times already and it could potentially impact the price in the future (but so far it has broken 200$ but I doubt that it will stay on the levels or even move forward to the next - 300$).

There is nothing wrong with delays of projects upgrades, I personally don't want unfinished updates for Ethereum that can cause some annoying feeling against the project, I belief in ETH CEO if this delay is real then its definitely worth it

Not a failure, taking a closer look at the whole issue seems to me that, failure isn't already set in, as you have assumed. What I assumed was the cause of the delay was because of the testnet and this was a cogent reason from the developers. Delay are important when we talk about building in existing project because of it security. The worst thing will be; upgrading your project with security flaws accompany the upgrade.

as I also think, it looks like the development of ETH 2.0 will not be on schedule, but if it's still in 2020, I think it's still quite worth it. I think this could be an opportunity to gather ethereum for those who have not had time to have enough ethereum. however, I really hope that ethereum can be developed into ETH 2.0 this year.

For those of you who are lazy to read the article and went firectly to the comment section


They've been working for this in the last three/four years (I'm not sure)? Few more months of delays doesn't mean much now as they are getting closer and closer.

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This is not even the right comparison mate. ETH will go forward well without ethereum ETF too for sure but it will NOT without the ethereum 2.0 upgrade. ETFs and network upgrades are two unrelated things.

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ETH 2.0 does not need approval from SEC. Like what I said above, it's only a network upgrade and doesn't have anything to do with regulators like ETFs.

From the articles I've read, they never gave any assurance that it will launched on this date or that date. They were making an estimate and that means it could change at any time.

The article has this to say regarding the further delay

I'm not a developer but I can understand the reason why they would rather delay it further than launch it with a lot of vulnerabilities. That's why testing is so important and it could take longer time depending on the results.

Recently some people have been talking about upgrading Ethereum, yes the launch of Ethereum 2.0 . But the closer it was to launching and it turned out to be a delay, surely many people were disappointed. Whereas everyone hopes that Ethereum 2.0 can have a positive impact on Ethereum growth, especially the price. But it seems that dream is futile and we are just trapped in a hype.

Why the failure on Ethereum 2.0? are there still many factors that are not ready yet? so the ethereum 2.0 developer failed at that time? and honestly I also do not know about the development of ethereum 2.0 in 2018 then.

oh this will be interesting news, I think the market will experience a correction, especially Ethereum, with the delay again the community doesn't seem to be patient enough, but Ethereum is refusing to go down, as Ethereum prices have passed through strong resistance, it looks like we will see $ 250

I am beginning to like the Ethereum devs to be honest but does anyone else ever wonder,,, why altcoins love to have a deadline and then fail to deliver? Why not just never have a deadline and surprise everyone by making it ready? I mean the deadline can still exist but be internal so that the public does not feel disappointed, right?

It caused by so many traders and speculators need transparency. When the developer has no deadline and those people will be blaming it and they will be saying if the team is such a liar.
Ethereum just try to make its community feel good about there was a plan.
It's not clear when it will be finished but as long as it can keep the trend and ethereum developer will be feeling fine about that.

Actully its wrong its beginning of 2017

Back then it wasn't called 2.0 it was projects (‘Homestead’, ‘Metropolis’, ‘Serenity’.....) as it keeps delaying and confusing with names its now switched to 2.0

The initial story was that there will be a total of 92,000,000 Ether when the ICO happened and people invested.
60 million - Pre-sale, 12 million - dev fund and ~18 million mined - 1 million coins mined per month for 18 months prior to going from POW to POS.
Block 1 date is 2015-07-30 + 18 months = Monday, 30 January 2017

Also that 100% wine (92 million) has already got 20% water mixed in still sold as pure wine.

Earlier it was written that a deadline was proposed for introducing improvements in ethereum called Ethereum 2.0 on the fifth anniversary of this coin, which will be 07/31/2020. Buterin claims that there are opportunities for earlier implementation of these improvements. I think that rush is not needed in this matter. It is much more important that after this there are no unforeseen complications and vulnerabilities. Ethereum expects a good future anyway.

This might surely not be a hype. Etherum is already a strong project which has grown immense demand from the time they launched. Also in the recent etherum markets we could see a price hike which might be perhaps linked to the development work of the Etherum 2.0 upgrade.

People mostly like the projects who follow their timeline which might show us the hard efforts of the developers. The developers might assume a date which might give them sufficient hours to perform the upgrade on the network and they should only launch the date which won't be delayed in order to keep the interest of several holders or investors.

I would definitely not complain because i have been a longterm holder and supporter of Eth and i am sure that as soon as Eth 2.0 roles out parabolic run will start and i am personally eying a new all time high of 2500 to 3500 for eth in this new bull cycle which already seems to have started, so lets stay positive and hodl.

I'm a little disappointed with this delay but that's it doesn't matter because Ethereum lovers will remain patient waiting for the launch of Eth v2.0 in this year. maybe the development team is compiling the right plan for the launch of Eth v2.0 and for now there is no reason not to invest in Ethereum despite to happens the delay in v2.0. keep buying ETH and HODL.
 

Development of Etherum 2.0 might not really be an easy task for the developers as they need to modify and introduce major things onto the etherum network. Also the ability to stake our etherum is going to need a huge development before they could present their development process in-front of the community.

I would personally not hurry the development team to launch etherum 2.0 soon because the more delay they do the more demand would rise for the same. We can't expect everything to happen on time as huge backend works are been needed on the platform in order to allow PoW onto the network. Etherum 2.0 would surely bring a new revolution in the etherum network which is going to boost the demand for etherum in the coming future.

only this makes Ethereum have another life after a few years seem dead, I was a little worried first, but after there Ethereum 2.0 will be launched the taste disappears, and I believe again

Lol, in 2014 it was no trouble at all for tons of crappy coins with semi professional developers managed to implement on time. Sunny kings tech is almost 10 years old and was planned from beginning, is part of Ethereum white paper. It is also proven over the years to be a fail.

Maybe the devs should visit a base level introduction course with the  king (https://www.forbes.com/sites/ginaclarke/2018/10/16/proof-of-stake-guru-sunny-king-blockchain-is-easy-we-just-need-to-use-it-like-a-database/#442f82341c04) as he already works on bigger better things.

36 months became 36 years but its done
https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FPKQRBbW.jpg&t=610&c=g5_uQzEeV9ogFg

Thank you for that understandable way to explain it.  ;)
I guess all we can do is still wait.


It might be to hype things up.
Also, we are like customers to them.
They need to update us with every move they will make.
Another good reason is the changes will be a big one. From POW to POS. That is something new which should never be missed by anyone supporting Ethereum.
The good part though is we can still hoard more Ethereum while preparation is still not complete.
As long as it is cheap then I will buy. The staking process will be new to me and I want to be a part of that.

There was already a news article where someone from SEC mentioned that coins issued in Ethereum 2.0 might be an illegal security.

Source https://beincrypto.com/ethereum-2-0-proof-of-stake-could-be-classified-as-a-security-says-cftc-chairman/

However, this is not the cause of this delay and the other coming delays. Difficulty of deployment will be the cause.

I think there is no choice but to hold your ethereum, but if you want to let go of ethereum and trade bitcoin it's not a problem because the ethereum 2.0 launch process is still very long so if you waste your time just to wait it only gives you losses, more good you use your capital to trade in other coins first so that there is an investment from you to rotate capital to always be able to make a profit.

for me holding ethereum the most important thing is that prices go up and targets are reached. and for ethereum 2.0 I don't think it needs to be waited for, because several times the event failed. later when it will happen, I think a lot of news will expose it, and we can strategize again

Or just to make it simple, they are still not ready.

As of how I understand it they need more funding or investors to come in to support every changes that will be made.
I am a little intrigued with it though.
If I remember it correctly, Vitalik sold a lot of Ethereum at the time of ATH like $1000+ a piece.
Just don't have the accurate number at how many ETH he had sold. (70k ETH?)

Maybe it is still not enough for the funding and he doesn't want the value of Ethereum to just go down because of the staking process.
More to dig.

maybe the application will take a lot of time, we know that many tokens that are on the ETH network, as well as tokens with the largest daily volume, are also part of ETH, so it will take a lot of time to fully implement them.
and if he really puts off, the application will be even longer.

I am not wishing for a delay, I am also not hoping for anything bad on this project. However, I will speculate that there might be a delay on May hehehe.

https://www.trustnodes.com/wp-content/uploads/2020/02/ethereum2.0-depist-contract-interface-feb-2020.png

The ethereum 2.0 depositing process has been leaked with a screenshot showing step by step how 32 eth can be sent from the Proof of Work (PoW) chain to the new Proof of Stake (PoS) Beacon Chain.

So confirming the slides are legit, with ethereum 2.0 waiting for an audit report that hopefully goes out this week. The multi-client testnet then goes out first, hopefully in April, with the deposit contract launching hopefully in May at perhaps the Ethereal Summit in New York.

Read in full https://www.trustnodes.com/2020/02/09/ethereum-2-0-deposit-contract-interface-leaked

What is the beacon chain? Is it simiar to IOTA's coordinators where a centralized group of developers can declare a shutdown on their platform? How long will the beacon chain be online?

I reckon IOTA has not yet removed and might never remove the coordinator.


Coders from Prysm and Lighthouse have released a multi-client testnet for Ethereum 2.0 (ETH 2.0), as a vital step in the process towards Phase 0 (the beacon chain).

Read in full https://cryptonews.com/news/multi-client-testnet-for-ethereum-2-0-is-live-bringing-phase-6408.htm

Popular cryptocurrency IOTA has temporarily shut down its entire network after a hacker stole funds from ten of its highest-value users.

Source https://nakedsecurity.sophos.com/2020/02/18/iota-shuts-down-network-temporarily-to-fight-wallet-hacker/

Perhaps most of the ethereum developer team is working on tokens and other applications to the main product (maybe ethereum 2.0 is not the main product anyway)
So they know it is important, but I assume there are way more vital things to do they have so gotta delay that 2.0 for a bit more

Ethereum 2.0 delays 1191 days and counting

Initial story 18 months after release, Ethereum will switch from POW to POS aka Ethereum 2.0
Thursday, 30 July 2015 --->  Monday, 30 January 2017 ...... Tuesday, 5 May 2020 blah, blah, blah

Ethereum's team represents 2.0 as "a problem of development". In fact this is a problem of the flawed design. It does not scale, it is not secure and it is highly centralized. Definitely, it is not something what is sold to "investors".

As I speculated, their July release date is also delayed. Vitalik expressed his own estimate that a 3rd quarter release date might occur. However, it might be delayed again, I reckon.

I predict that the Ethereum development team might be forced to launch a centralized Eth 2.0 beacon chain without staking that will function similar to IOTA's coordinator.



During a Monday appearance at CoinDesk’s Consensus: Distributed, Buterin appeared to confirm a July launch date put forth in February by the lead researcher of the Eth. 2.0 project, Justin Drake.

CoinDesk chief content officer Michael J. Casey asked if the overhaul to the world's second-largest cryptocurrency by market cap was "really coming in July. Are we ready for it?"

"I think so, yeah," Buterin said, before rattling off milestones achieved so far.

Eth 2.0 testnet coordinator Afri Schoedon countered Buterin’s statements on Twitter. “The final spec is not implemented in any client and we didn’t launch a coordinated testnet yet,” he wrote, adding:

In response, Buterin tweeted, “Yeah I did not say July. Perhaps the question contained the word July but I did not hear July when it was asked.” He then sent a second tweet, saying, “OK I definitely should have heard July in the question, it was my mistake.”

When reached by CoinDesk on Tuesday, Buterin offered a full statement:

“I re-listened to the interview. The question indeed contained ‘July’, I don’t recall hearing ‘July’ so it sounds like it’s my fault for mishearing. Apologies for that,” Buterin said via email. “My actual stance is that eth2 is ‘on track’ in that there aren’t any unexpected bumps in the road, testnets are coming along, etc, but I defer to the client devs on timelines and if they are now saying ‘Q3’ more broadly then I believe them.”

Source https://www.coindesk.com/vitalik-buterin-clarifies-remarks-on-expected-launch-date-of-eth-2-0

Misheard. How could he miss that important question?
We all want the date so I think he didn't really misheard it.

He could've just used the Covid19 pandemic as the reason behind the delay of everything.
That's more reasonable.  ;D

@Reid. It might be because the roadmap they had might have changed during the interview hehehe. It might only be bad timing hehe.

I am not defending Vitalik. I am only trying to be fair. However, yes his tweet telling everyone that he did not hear July made him appear dishonest.

it is hard to plan release of such a huge breakdown, and i would not want to criticize for each delay, but they should have better communication with ETH community, and not to promise things that are not doable from most points  

Yeah, but let us also be fair to those who heard it and expecting something in just a couple of months.

I will understand if he will use the pandemic reasoning.
Looks to me like every project now is using that kind of statement which is acceptable to a lot of investors.
Who won't? We are all in the same page now.

Ethereum 2.0 delays 1201 days and counting...

Initial story 18 months after release, Ethereum will switch from POW to POS aka Ethereum 2.0
Thursday, 30 July 2015 --->  Monday, 30 January 2017 ...... Friday, 15 May 2020   blah, blah, blah...

I think they will never really know when it will be ready up until it is actually ready because that is about how the development really works, you finish almost all the products but then you find couple bugs and fixing that takes a lot of time for you and suddenly you are postponing everything another month.

So, I think there is really no deadline even in their mind right now which means there is really no need to keep asking them when it will be ready. Think about it if it will be ready anytime soon wouldn't they really put it in themselves? They will let everyone know, they will tweet about it, they will talk about it and they will basically highlight it everywhere they go. That is why I do not really think that there is a reason to push them to tell is an estimated time, if they know when it will be, they will let us know first thing.

The question is if Ethereum delievered something on time  :D. But, rather then seen half-working solution, I would wait for highly-secure tested new solution. Few months delay, who cares, we are creating a new form of money  ;).

I think this is a very bad ethereum development because the ethereum platform that I know can provide developments that are always updated and as much as possible before they are released to the public the developers have prepared what is served so it doesn't make many people wait too long and might make many people disappointed.

Be patient, it is not easy to change POW to POS, and they are still working on it, if they are Scammers then they will not do anything,
Ethereum will show that they are giants of the crypto currency platform

It makes sense if the delay is due to a pandemic because it is indeed a difficult situation in our lives and the global economy and therefore changes from the road map will be very appropriate if it is fully proceeding normally.

Do not expect too soon about the release of Ethereum 2.0 because they know that behind it all there will be success, be patient all will be beautiful in its time. ;D

Despite that, the pandemic affected the global economy and other aspects of our daily lives, delaying 2.0 doesn't make any sense from my own point of view because everything about the project system upgrade will be carried out online. Why the delay? There must be another genuine reason.

It appears that Vitalik might be beginning to accustom everyone slowly on the situation before announcing of more delays.

I predict an announcement this year will be mentioning no definite date for its release.


Ethereum 2.0 will rely on temporary scaling measures for the next two years, says Vitalik Buterin.

Ethereum co-founder Vitalik Buterin said, on June 30, that the next major Ethereum upgrade will have to lean on current scaling methods for at least a couple of years, until developers finish the multi-phase project.

On Twitter, Vitalik Buterin said that ZK-rollups may become “the dominant scaling paradigm for at least a couple of years”—until the upgrade is complete.

Source https://decrypt.co/34204/ethereum-2-0-will-walk-and-roll-for-two-years-before-it-can-run

Was Ethereum 2.0 supposed to be launched during this time of the year? It appears that they are quiet about this after hyping the launch from 3 months ago hehehe.

Eth 2.0 was promised to be implemented by 30 January 2017 now 1260 days later, nothing.

It´s better to deploy a full functional, sustainable and reliable output that a rushed one with too many coding issues. Here is a pic of Vitalik from the year 2023, after talking to the ETH developers for the 327 time : https://ibb.co/HxnSFp3

@DoubleEdgeEX. Will that be the Ethereum development team's statement for their Ethereum 2.0 storyboard? I predict similar hacks and theft after delays.

In any case, news update.



The initial stage of Ethereum 2.0 — dubbed Phase 0 — may not go live until the start of 2021, according to a researcher involved in the project.

Ethereum Foundation Justin Drake was asked during a Reddit Ask-Me-Anything session on Friday when the deployment of Phase 0 would begin. As previously reported, one of the main factors behind past launch delays was the multi-client approach being spearheaded by those involved in Phase 0's development.

Source https://www.theblockcrypto.com/linked/71155/eth-2-phase-0-ama-2021

Anyone in need of a good laugh?
"The Ethereum 2.0 beacon chain will launch in November unless we find severe bugs in clients or protocol"

@Tash. I predict another delay on November after this delay hehehe. The statement also said unless we find severe bugs in clients and protocol. This does not show confidence on the development of project.

https://nominex.co we trade ETH/USDT and ETH/BTC get a discount on trading fees for 30 days. Win 1,000 USDT in Daily Tournament! Zero Risk, play demo, get real 1000 USDT every day!  :) ;)

I expecting a delay as well they might launch the final testnet in the coming weeks but when it comes to mainnet I think Jan 2021 is still the best bet.
TBH I don't care if decide to delay again because I am immune to their delay news lol.

I hope January 2021 will certainly be able to be launched because there are already many people waiting when ethereum 2.0 is launched and hopefully this can give many changes about ethereum prices, if it is postponed again it will make many investors disappointed and think that this ethereum is not good .

30 Jan 2021 the "delays" is at 4 year  mark. Four years to produce some lines of code, preparation to fly to the moon took less time. Let that sink in.
The delay is not even the real problem.
Much bigger issues is not being able to scale (grow) and inflation Eth 2.0 horrendous inflation will be the final straw.
We all know what 1% staking means in real life, over 3% inflation. Who wants to loose that much of the investment year after year?
Meantime Bitcoin inches closes and closer to next reward halving, and again, again.....

@Tash. The delays might have good reasons because the platform they are trying to develop is impossible without centralization.

I predict the Eth 2.0's beacon chain might become something similar to IOTA's centralized coordinator.

Who's to say there ever will be a Eth 2.0 beacon chain....
The proplem at hand a 1% staking reward is way to high, any less no-one is willing to stake, and Bitcoin supply will halve and halve......

Lets look at hard core facts.
Peercoin has been staking since 2012 at a 1% reward.
What does it mean in real life, well it inflated at over 3% (average 3.14% past 6 years) that is worse than fiat.
You know something else Peercoin was worth $0.43 on April 8, 2013. today $0.257371 the result when inflation is greater than fiat.

Year	Total Supply	New Coins	Inflation % per year
2012	15094912	15094912	58,38%
2013	20982872	5887960	22,77%
2014	21971814	988942	3,82%
2015	22867470	895656	3,46%
2016	23738826	871356	3,37%
2017	24544131	805305	3,11%
2018	25116222	572091	2,21%
2019	25854837	738615	2,86%
2020	26383018	*528181	*3,56%

(*in 205 days)

yep right mate,i see this condition as our opportunity if there are alot investors or community disappointed about ethereum 2.0 delaying. isn't it be our purpose investing in cryptocurrency market or other finance industry. from investors psychology we able to gain money , good or bad news about ethereum 2.0 there are always occur opportunity there.

@Tash. My argument is not on staking rewards or on the inflation. There are coins that pump whichever percentage the mining or staking rewards the development team has assigned to them.

I was arguing about the beacon chain. Vitalik and his development team might do it similar to IOTA. I reckon Cardano did something similar also.

You joking right,  there are hundreds of coins who have done it without problems, first being Blackcoin. (Pure Proof of Stake since 2014)

30 January 2017 --> 22 August 2020 = 1300 days late

When you think things cant get worse:
https://www.trustnodes.com/2020/08/16/ethereum-2-0-testnet-breaks-into-4-forks?tncpw_session=c07ffdfdfc7c3d340b51ccb1fe572a4cd7af1705689a980f47b1e01b017b34f8

Moses led the Exodus through the desert for 40 years! Just think about that.  ;D

This takes reaaally long time, but we have to wait (what else we can do anyway?)
I believe it will improve eth heavily and it will lead to huge lead, so it worth the waiting time.
It took bitcoin several years to become an useful technology, so it doesn't happen overnight or even overthreeyears

Not so simple for a smart contract platform I am sure that is also moving to a different coding language if I understand correctly. And then problems more with consensus with so many hundreds of developers (okay the core is not as many but still).

The testnet thing failed to get ETH down, now back at $440. I wonder what is this logic?

Good initiative OP, I think we will be needing this thread and it will be a long thread per my expectation since I believe more delays will happen, and I think it has help Ethereum to recover slowly and they'll be using this opportunity to keep the hype before they will launch the ETH 2.0.

Talking about the hype, looks like Ethereum's going to cross $500 soon.

The thread will be 7 months this sept 8 this year.

Dapps and smart contract coin can not be use to compare the previous project that have done the samething ETH is planning because ETH is widely used and there will blockchain upgrade (possibly code changed) during the process but the consensus is not the problem.

Despite the Tron4.0 and ETH2.0 comparison done by Justin, i the logic is simply the trust people had in ETH.

delays are fine as long as they are doing something productive for this new version of eth. because for most crypto projects, delay means they are heading to their final curtain. but eth of course is different, they are heading to the much anticipated version that will benefit a lot of crypto followers, eth users/supporters in particular! so i really have no worries about this delay thing. while waiting, do something that will advance your position here in crypto

The price of a coin and the state of a coin in the cryptospace are mutually exclusive. Ethereum Classic is an evidence of this. It had 3 51% attacks, however the price never dumped hehehe.

That bump in the price means version 2.0 should be close, when the world realizes the amount of ETH they need for mining, it will be highly demanded and that can be translated into a turbo bump.

Keep holding guys, this is going to the moon.

@seoincorporation. That pump in price might only mean that there are people that speculate Eth 2.0 is close. We have seen this many times before similar to the bitcoin ETF pumps then delays hehe.

However, if you are an Eth investor, I understand your excitement. But prepare for disappointment also.

I suspect a lot of people don't understand what the 2.0 update includes, or how long this update will take to fully implement (it is a multi-year update).

https://consensys.net/knowledge-base/ethereum-2/faq/
https://i.imgur.com/hOC1T29.jpg

Now take a guess which phase a congested network like Ethereum with its rising gas fees really needs ? Which phase will really fix things for its network ?

We are talking about ethereum here, not blackcoin, if you think it is the same you are wrong and I mean very very wrong. Ethereum is the second ranked coin and it has a lot more pressure and a lot more relied on it, there is no way that they could actually end up with anything quick to make it work right away and just fix things along the way, it is not like that and I would assume that people would have to actually follow them around to make sure their things (dapps and new coins and all that) do not get broken as well.

So, etheruem is taking time, sure it shouldn't have been 1300 days late but it is getting closer and they are not saying like they will do it now, they already said that it will be 2021 so it is not really late, it is just postponed, not like they work on it and will publish any day now, we know it is postponed so we just gotta wait around and see.

If there was never any intention to change over after 18 months then we are talking about outright (investor) fraud.
31 January 2021 is the 4 years late mark.  Things getting worse not better, gas price is out of control even without real usage.

There are so many hype around Ethereum 2.0 anmd thet eam can not afford to mess up, if they failed to deliver any significant improvements compared to what we already have in the space then I can see Ethereum losing its grip on the market, now there are some good projects all they need to do is to incentives developers to build on their platform

With current issues of high gas and fee and congestion the community is getting desperate, annoyed and angry so delaying further will not be good for eth as a project, if they launch eth 2.0 with all the scalability issues im sure eth will surge to new highs.

I am skeptical of ethereum's scalability since they created a complex programming language and when the codes overlap in the long run they can be burdened with code development.
Currently, the ethereum network has very high gas costs and transaction delays. I cannot give good marks on ethereum's network right now. I'm pissed off and frustrated at the ridiculously high cost.

I don't see any major issues getting Ethereum 2.0 improvements to launch on this coin. The developers themselves have already offered hackers for a reward to try to find vulnerabilities in the upcoming improvements. From this it follows that they are almost ready. However, in this matter, there is no need to rush, it is better to double-check everything several times.
I expect the upcoming improvements to dramatically change this coin for the better.

However, that update was promised 1 year ago and had been delayed a few times already. I speculate more delays and Eth 2.0 might not be online on 2021.

The phase 0 beacon chain will be released with a small delay, however, it might not develop more than that for maybe 2 years. But it will be good for investors, they can pump Eth 1.0 to have Eth 2.0 and pump that more hehehe.

With the rise of the DeFi market. Ethereum blockchain now needs a lot more scalability. Transaction fees are astounding and it's becoming a bottleneck for current projects that provides Ethereum based products and services. PoS, although not good for miners, but will provide a lot more value in the long run. Network congestion can be fully solved with the update and a lot more space for expansion.

It appears that the Defi experts also speculate more delays. The worse part of this is they do not think Eth 2.0 can solve the problem because of incompatibilites for their dapps to upgrade from Ethereum to Ethereum 2.0.

In any case, I speculate I know what project Vitalik and his friends are investing on to replace Ethereum if Eth 2.0 is a nothingburger hehehe.



DeFi experts say that Ethereum 2.0 is not the answer to high gas fees

DeFi experts and computer scientists got together on Sept. 3 for Cointelegraph China’s DeFi Marathon event shared their thoughts on the high gas fee potential solutions. Although they have different opinions on solutions, they all agreed that Ethereum 2.0 is not the answer to high transaction costs.

Sergej Kunz, CEO of the oldest decentralized exchange 1inch, Mounir Benchemled, the Founder and CEO of ParaSwap, a middleware layer that connects protocols, dApps and trading venues and professor Alex Kumanovic, co-founder at bloXroute Labs, a blockchain distribution network or BDN that allows global network communicate faster, said Ethererum 2.0 has its trade-offs. It still might not be scalable and secure enough to facilitate the users’ transactions.

The upgrade did not really anticipate the DeFi hype. So, to make sure everyone can get involved, the infrastructure needs to be thought through all over again. Kunz stated that:

“You have to rethink everything. You can migrate smart contracts to the code but it’s not not scalable. To be able to scale, you have to create standards and bring new protocols based on the new sharded architecture, such as NEAR which is similar to Ethereum 2.0.”

Mounir added that even though Ethereum 2.0 could scale, it might take too long for it to happen. The reason for the delay is mainly due to security. The core team has to make sure it's secure enough before launching it given how critical it is.

Kunz, Mounir and Kumanovic all agreed that it is not  practical for all projects to move on the Ethereum 2.0 as well, stating:

“For it to work, all applications would need to move towards one single platform. Major projects might have consensus, however for other projects who have their own agendas, it might be hard. New bridges will be built to allow interoperability.”

Read in full https://cointelegraph.com/news/defi-experts-say-that-ethereum-20-is-not-the-answer-to-high-gas-fees

So i go in the shop buy something for $1 and also pay $1 transaction fee, lol. Sound investment, sure.

You are forgetting about the fees that you get charged with, when you interact with a DeFi protocol.
Those can run op to $100 for a single transaction. Since DeFi traffic is still immensely high, people will still need to pay
those very high fees. Most people just choose to stay in that DeFi project, hoping those fees will drop in time too.

https://cointelegraph.com/news/using-a-defi-protocol-now-costs-more-than-50-as-ethereum-fees-skyrocket
https://cointelegraph.com/news/99-gas-fees-on-ethereum-are-crippling-defis-growth

I wonder if those fees will indeed drop to a more reasonable level. Has anyone notice them getting lower ?

transaction fees in Ethereum are unstable, 3 days ago the Fee is still above $ 5, and now the Fee is below $ 1,
maybe because the number of transactions on Ethereum is reduced and making Gas is also reduced

Omg, this is gonna be a terrible news for the Ethereum Community if the dev team couldn't release ETH 2.0 in the decided time frame. Getting stick to the Roadmap is a must for a project such as Ethereum, playing with investors trust in the team and the project could be harmless, take a look at the last movements of Eth's price and you'll see how bad the effect of these news on the valuation of the coin.

I'm already tired of waiting for ETH 2.0 to be released, after all, there have been many articles reporting that ETH 2.0 might not be
able to finish problems with high gas fees. This negative news that has started to spread is one of the factors why the price of Ethereum
continues to fall in the market. Even so, Ethereum's popularity is still quite high, so it should still be safe to invest in Ethereum for now.

What? It was scheduled to be implemented by January 30, 2017
So yes soon 4 years late. It took less time to prepare to fly to the moon than to write some lines of code, let that sink in.

I am quite certain that there will be a delay. However, for all of you cryptocoin traders, November might be a good time to pump and dump Ethereum again hehehe. There are many articles setting the storyboard for a pump to $500.



Ethereum 2.0., the much-needed and much-delayed update to the Ethereum blockchain, is on track for a November 2020 launch, according to one of its developers.

In a blog post summing up recent updates on the long road to Ethereum 2.0, Raul Jordan, an Ethereum 2.0 developer with Ethereum infrastructure builder Prysmatic Lab, said that should various security checks and user experience polishes take place, “November is still looking good for a launch from our perspective.”

Source https://decrypt.co/41664/ethereum-2-0-on-track-for-november-launch-says-dev

^^ Well Ethereum has been pumping already ever since the news of Eth2.0 and even it is delayed the price continue to soar. And so with this recent news, investors have reason to pump it again and push their narratives to $500 up until November.

But in any case of a delay again, it will crash again. But this will be good to ride the market till November and see how it goes.  ;D

It has taken Filecoin development team 3 years before launching their network. How much more years does everyone predict will the Ethereum development team launch Eth 2.0? Also 3?

Three years after its $205 million initial coin offering (ICO), Filecoin has said its live network is about to launch.

Source https://www.coindesk.com/filecoin-mainnet-launch

I don't think they're going to lose a lot if they won't live up to users expectations.
However, if they won't upset anyone or even impress most of crypto community - they'll be rewarded hugely.
Anyway, we all can feel the pressure on ethereum's shoulders, but chances are Vitalik will only release eth2.0 when its good and ready

Why are you claiming they will never release?

the author of this post can be a good preditionist ( something that is good at predictions or predicting ) . he was right that eth 2.0 got delayed again .but are  are there leaked infos  before , before he post this thread at the month of febuary ?

 i knew it , that the fate of eth 2.0 is getting simillar to the etf but i think that etf thing is more worster because people have assumed and posted so many threads or updates and in the end there is still no clear answer to them .

"Ethereum 2.0 developers will run yet another testnet "Zinken" in the coming days as the Spadina testnet didn't go smoothly enough": https://finance.yahoo.com/news/ethereum-2-0-developers-run-083513737.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEe55APtwPh2dMbzWU97o55-c1Sbepy85G_uNJlQeHxtBejqPPo1JNN0Zof-Kv44c-O5zqIVQEnDT-t-a5OtdQLA2-ln3kQ3jiq-xWNPt2-E6HcQgWPV70Ba3MElqyECnaNDNYd_VM7q97c6R_GCZejqcIwToQUJcD8KzSXlVU_Q

Thus, Zinken will be the final testnet before the full launch of Ethereum 2.0. The launch of the Zinken test network is expected "in a week and a half", this information was provided by Danny Ryan, who is the main developer of Ethereum.

I disagree hehehe. I might only be one of the quicker people to accept when there is something wrong during the middle of the pump and the hype.

You observe the craziness in the cryptospace for 5 years hehehe.

Ethereum still not give good chance to see how could growing up to higher price, still have chance when bitcoin is not keep strong give bad impact for altcoin and ethereum back to lower price. Now we have seen after Donal Trump make announcement he and his family got covid 19 and make bitcoin suddenly dump, make impact for altcoin and ethereum back to lower price and never give chance for altcoin going to higher price.

It did not happen and no news coming from the team why the upgrade was delayed as I have made a quick search on google. Anyway, basing on others statement that say eth 2.0 will be compatible with the old ethereum network and users should not do anything to change their eth or convert it to make it compatible with the eth 2.0. That is a good news actually we can directly make transfer of ETH without having to recognize whether the network is eth 2.0 or not. This is a good upgrade actually however it was delayed. So sad why is it so which upgrade had already been one of the awaited part of cryptocurrency development for the year 2020. We'll wish good luck for eth 2.0 and hopefully cryptocurrency 2020 will be more successful following some more upgrades of other coins in the future.

Will the Ethereum Foundation use their premine for this? This appears to be a centralization issue because the foundation can choose only their allies to become validators of the platform. Others are also in a disadvantage because they need to take the risk and buy ETH to become a validator.

Also, would Ethereum whales also take the risk of the one way conversion to ETH 2.0 coins?



The Ethereum Foundation is set to sponsor projects that are working within the Eth2 staking ecosystem.

To that end, the non-profit has invited teams and individuals, particularly those that are building Eth2 staking tools and guides, to apply for grants. The invitation is open until December 22 for all projects.

"The point of the program is to help contribute to the long term health of the Eth2 staking and validator community," said the foundation. "Ideas and projects at any stage of development are welcome: Idea phase; Proof of concept; Work in progress, and Fleshed out project."

Source https://www.theblockcrypto.com/linked/84695/ethereum-foundation-eth2-staking-grants