Monday, September 28, 2020
No menu items!
  • News
  • Blockchain
  • Contact Us
More

    Vitalik Buterin: ETH 2.0 Is Taking a Long Time, but I’m Happy with the Progress of Launched Testnets

    Must Read

    Cardano (ADA) Is Up and Running Again On Bittrex Exchange

    According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again...

    World Economic Forum: XRP Is The Most Relevant Digital Asset For Wholesale CBDC

    The World Economic Forum (WEF) has characterized the fourth largest digital currency by market capitalization, XRP, has the most...

    Cardano (ADA), Tezos (XTZ) Are Technologically Superior to Bitcoin and XRP –Weiss Ratings

    Weiss Crypto Ratings, the provider of independent ratings of digital currencies, has recently stated that Cardano (ADA), Tezos (XTZ),...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    Many non-Ethereum community members, especially the Bitcoin Maximalists, have seized the opportunity of the delay in the launch of ETH 2.0 to throw jibes at the blockchain project led by Vitalik Buterin.

    The Ethereum co-founder is obviously not relenting in answering the teeming number of unbelievers in his blockchain project. There has been a mockery related to the increase in Ethereum transaction fees, and Buterin himself has never denied the fact.

    Also, mockeries have surfaced regarding the delay in upgrading Ethereum network from proof-of-work (PoW) to proof-of-stake (PoS), an upgrade that is seen as the solution to the issues of the network.

    Road to the Launch of Ethereum 2.0 Is Getting Clearer

    As aforementioned, Vitalik Buterin has been having a difficult time with trolls that often challenge the use cases of Ethereum (ETH), especially on the Crypto Twitter. However, the road to the launch of ETH 2.0 that will turn the situation around is somewhat getting clearer, considering Buterin’s recent gesture.

    In a thread on Twitter, a crypto enthusiast, who probably supports the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), stressed the importance of scaling to the Ethereum network.

    He also described the anticipation of the community for the much-awaited upgrade. He further asked Buterin of his opinion regarding the unexpected delay to ETH 2.0 launch:

    “Yeah, that’s the point. Scaling is very important & that is what people have been waiting for years in ETH Today’s technology WILL eventually be absolute in the future. We just need to update things but don’t you think it is taking a lot of time for 2.0?”

    With sincerity, Buterin admitted the heavily criticized delay, but stated that he’s pleased with the latest developments and the progress towards the realization of Ethereum 2.0.

    “Yeah, 2.0 is taking a long time. That’s why I’m very happy we’ve finally gotten to having testnets, and simultaneously other scaling tech like rollups,” Vitalik Buterin noted.

    Vitalik Buterin: ETH 2.0 Is Taking a Long Time, but I’m Happy with the Progress of Launched Testnets

    Meanwhile, Medalla, the final public testnet that precedes mainnet, has been recording good results since it was officially launched a couple of days ago.

    On 9th August 2020, the Medalla deposit contract reportedly surpassed 1 million GöEth. And it’s generally believed that the success of this finally testnet will determine whether the much-anticipated upgrade will play out in 2020.

    Join us on Twitter

    Join us on Telegram

    Join us on Facebook




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Cardano (ADA) Is Up and Running Again On Bittrex Exchange

    According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again...

    World Economic Forum: XRP Is The Most Relevant Digital Asset For Wholesale CBDC

    The World Economic Forum (WEF) has characterized the fourth largest digital currency by market capitalization, XRP, has the most relevant crypto asset for wholesale...

    Cardano (ADA), Tezos (XTZ) Are Technologically Superior to Bitcoin and XRP –Weiss Ratings

    Weiss Crypto Ratings, the provider of independent ratings of digital currencies, has recently stated that Cardano (ADA), Tezos (XTZ), and ten other digital assets...

    Speculation among XRP Investors on Ripple Announcing More Notable Acquisitions Following CEO’s Statement

    There has been a growing speculation among the XRP community members that says that Ripple, the cross-border payment firm, is on the verge of...

    VeChain Integrates Coinbase’s Rosetta to Simplify Blockchain Interoperability

    A few hours ago, VeChain Foundation announced the integration of Rosetta, the Coinbase’s toolkit designed to simplify blockchain development and interaction. The open-source blockchain project...

    More Articles Like This