For those of you who are lazy to read the article and went firectly to the comment section
Phase 0 will certainly launch in 2020. Audits are out and testnets are getting stronger every week,” Ryan said in the discussion thread. “I don't see a reality in which Phase 0 does not launch in 2020
Regardless of the launch date, Phase 0 and Phase 1 are 99 and 90 percent complete, respectively, Ryan said. Phase 1 will link ETH holders who have staked their assets to the Beacon Chain, joining the ribs to the backbone of the new network.
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.
Bitcoin has gone forwards well without ETFs and ETH will go forwards well without 2.0 upgrade. ~
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.
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.
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
the Eth 2.0 team said the network won’t launch until three clients can run testnets consistently for a minimum of eight weeks.
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.