Everyone waiting for v2.0 but...

[qwizzie]

https://consensys.net/knowledge-base/ethereum-2/faq/

What is Ethereum 2.0?

Ethereum 2.0, also called Eth2 or “Serenity”, is the next upgrade to the Ethereum blockchain. Ethereum 2.0 will be released in multiple “Phases” starting in 2020 with Phase 0.
Each phase will improve the functionality and performance of Ethereum in different ways.

What is the Ethereum 2.0 roadmap? What are the phases of Ethereum 2.0?

Ethereum 2.0 is planned to be rolled out in at least three phases: Phase 0, 1, and 2. Phase 0 is planned to launch in 2020, with Phases 1 and 2 to be released in following years.

Phase 0: In the first phase of Ethereum 2.0, the “Beacon Chain” will be implemented. The Beacon Chain stores and manages the registry of validators, and will implement the
Proof of Stake (PoS) consensus mechanism for Ethereum 2.0. The original Ethereum PoW chain will continue to run alongside the new Ethereum PoS chain, ensuring there is no break in data continuity.

Phase 1: The second phase of Ethereum 2.0 will likely roll out in 2021. The primary improvement of Phase 1 is the integration of shard chains. Shard chains are a scalability mechanism in which
the Ethereum blockchain is “split” into 64 different chains, which allows for parallel transaction, storing,  processing of information. At its most conservative estimate it will enable 64 times more
throughput than Ethereum 1.0, but it is designed to be able to handle several hundred times more data than Ethereum 1.0.

Phase 2: The third phase of Ethereum 2.0 will likely be launched in 2021 or 2022. This phase is currently less clearly defined than the above two phases, but will involve adding ether accounts and
enabling transfers and withdrawals, implementing cross-shard transfers and contract calls, building execution environments so that scalable applications can be built on top of Ethereum 2.0, and bringing
the Ethereum 1.0 chain into Ethereum 2.0 so that Proof of Work can finally be turned off.

Many further improvements are planned for research and development after Phase 2 is complete. Vitalik provides insight into some of these improvements in this easy-to-digest diagram.

Now looking at those phases, where do you think the upscaling (which will fix the current network congestion and high gas fees) will mostly take place ?

[ethereumhunter]

I guess that miners don't really wait for Ethereum v2.0. Vitalik Buterin said that Ethereum would be switched to the PoS system 2 or 3 years ago, but it didn't happen. I've heard that the first time it will be PoS+PoW scheme. So, miners wouldn't leave Ethereum mining soon 

Maybe the project is not ready yet to launch ethereum v2.0, so they delayed to release the update. The teams still need to check everything before they release the update, so there will be no problem in the future. It is better to make sure everything can run well because it is related to the project itself. I am sure that ethereum v2.0 will launch at the right time after the team finishes the update. Miners now are making money from ethereum because the price increase higher.

[dataispower]

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

There is no way they will rush the launch of ETH 2.0 since there is a roadmap for that. After this Testnet, then stage 0, stage 1 before stage 2 which is the final stage. If ETH dev team fast track the launch due to community pressure, there'll definitely be errors and hence will be a total failure. I do hope all the wait worths it, aside the staking aspect, scalability problems need to be curtailed with ETH 2.0.

[ElmedoRator]

Everything should be done carefully, so I look forward to a very complete update in the future as well. If the update goes down I believe it will cause the price of ETH to crash

[CuriousGeorge]

Everything should be done carefully, so I look forward to a very complete update in the future as well. If the update goes down I believe it will cause the price of ETH to crash

Everything has already prepared by ethereum developers and i think that there will always be some problems in the process of the update but it can be passed easily. In fact ethereum is still on its way to go to the moon.

[kingzpro]

Greetings to all,

So I found out that Ethereum v2.0 will be delayed, again.
In a recent podcast Vitalik said that technical implementation is bringing difficulties. He also added that in terms of use, some applications may fail and some of them may work flawlessly.

Do you think that digging deeper into technical aspect the the team is facing unsolvable issues or at some point everything on the chain will work just fine, just as promised?

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

Yeah as a community member of ethereum i would definitely like eth 2.0 to be smooth and bug free. Because if it is launched with bugs it can be counter productive and can negatively effect the reputation of ethereum network which is the largest project in altcoin category and the supporters will not like to see anything like that for sure.

[coinfinger]

This is not something that they should be in a hurry to do. They have announced it, good and everyone is aware of it, there is no need to be in a hurry. So it’s best that they chill and take their time to work properly on the ETH 2.0. someone posted something about it earlier, saying that the projects needs some kind of support and when I checked, the number of people that have joined is not up to fifty percent.

Moreover this is not the first time that the ETH 2.0 version was talked about, since the first time it was mentioned , till now it has not been finished. Although they are quite close to the project being completed as of recent.

[Argoo]

Everything should be done carefully, so I look forward to a very complete update in the future as well. If the update goes down I believe it will cause the price of ETH to crash

Everything has already prepared by ethereum developers and i think that there will always be some problems in the process of the update but it can be passed easily. In fact ethereum is still on its way to go to the moon.

The main thing is that basically the improvements to Ethereum 2.0 are almost ready. There will always be some inconsistencies; without this, great things in new beginnings cannot do.
If the implementation of these improvements is once again delayed, it is unlikely that ethereum will fall in price because of this. Price fluctuations will, possibly, delay the growth. However, you need to give developers the opportunity to finish their business calmly and without unnecessary fuss.

[justdimin]

Honestly waiting is not the problem, we know it will happen and as long as it doesn't get cancelled and that means the longer it takes the more ethereum I am saving up. That is how you should be thinking about this as well, you are not going to suddenly become rich if V2 comes today, you are not going to be suddenly rich if it comes in a year neither, however if it takes another year you will have time for a whole year to get as much ethereum as you possibly can which is why I like it when it gets postponed.

We are talking about the biggest blockchain change in the recent crypto history, the only bigger thing I can remember is when bitcoin moved to segwit and how miners tried to stop it and moved to their own coins, that is why I believe it is quite important to let V2 be ready whenever it wants without pressure.

[jossiel]

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

I'm with you with this. They don't have to rush, it's better to be slowly but surely so that everything will be polished according to what they have promised.

Unlike if they will push it to a quicker implementation with unfinished development. There will be more problems that will be faced in the future if they won't furnished it slowly. We like ETH's problem to be solved and I also think that it's the best way for them to have this development before releasing it.

[lienfaye]

If there are some issues needed to resolve first then it would be better to delay the update.

We are not in hurry here to switch for the new eth 2.0, take it slowly but surely.

There are always perfect time for this, the moment it will run perfectly and no difficulties/problem on their network.

[suzanne5223]

We can't blame those Ethereum enthusiasts who seem to be impatience because Vitalik was the reason behind it all cause the Devs in charge of the project ETH2.0 have already told him that its impossible to finish the whole concept in a short timeframe but he demanded not to wait which I think could because of the communities statement but he shouldn't have do cause there's nothing bad in waiting for something that worth waiting for.

[imstillthebest]

If there are some issues needed to resolve first then it would be better to delay the update.

We are not in hurry here to switch for the new eth 2.0, take it slowly but surely.

There are always perfect time for this, the moment it will run perfectly and no difficulties/problem on their network.

its okay if they released it not perfect because its only on its first stage and its normal for a new software to experience a bug or some errors because there are people that are really excited and cant wait any longer  .

 for us its okay because like me , eth is not my priority but i tend to foccus more on other coins . eth is still fine atm so no need to rush on my side

[arufox]

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

I like on this point, many people don't care about it. And I totally agree about should not rush according to the pressure of the community, because rushing will make things got worse. I've also seen many projects rush to launch the project but ended in failure. We don't want it to happen to ethereum so it's okay if delay it as much as necessary.  

[Spaffin]

Many cryptocurrency users are skeptical about the constant postponement of Ethereum 2.0 updates, but I think that the developers adequately assess all the risks and therefore are in no hurry to provide the public with an update due to possible errors. But I have very high hopes for the possibility of getting a reward for staking, although it is clear that the result in this situation will primarily depend on the price of ethereum.

[albon]

If there are some issues needed to resolve first then it would be better to delay the update.

We are not in hurry here to switch for the new eth 2.0, take it slowly but surely.

There are always perfect time for this, the moment it will run perfectly and no difficulties/problem on their network.

its okay if they released it not perfect because its only on its first stage and its normal for a new software to experience a bug or some errors because there are people that are really excited and cant wait any longer  .

 for us its okay because like me , eth is not my priority but i tend to foccus more on other coins . eth is still fine atm so no need to rush on my side

As a huge project like Ethereum, satisfying the enthusiasts' desires and urgency in issuing improvements to Ethereum in a short time may lead to serious problems for the token, its price may decline and this will affect millions of ETH holders, so I am with them in taking enough time to do this release and try it until it is completely free of errors, Even if the issuance of Ethereum 2.0 is delayed, we are still on Ethereum 1.0 and are making good profits from it. We hope that things will go well in the future.