Ripple CTO Congratulates Ethereum Community On The Successful Launch Of ETH 2.0

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Ripple CTO Congratulates Ethereum Community On The Successful Launch Of ETH 2.0 Beacon Chain

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The chief technology officer at Ripple, David Schwartz, extended his congratulations to the ethereum community in a tweet on December 2 on the launch of the long-awaited Ethereum 2.0 Beacon Chain.

The December 1 launch concludes “phase 0” of ethereum’s transition to a proof-of-stake (PoS) consensus mechanism.

Schwartz compared the launch of ETH 2.0 to wine fine which takes a long time before people can enjoy it. Indeed, Tuesday’s launch is a culmination of many years of research and development. Earlier this year, many deemed that ETH 2.0 would never launch due to the countless delays much to many investors’ frustration. As of Tuesday, however, the haters were silenced.

The Ripple CTO noted that the launch of the Beacon Chain marks an important milestone for ethereum.

A supposed bitcoin maximalist going by the moniker Meshinom attempted to downplay ethereum’s network upgrade, citing that the pioneer cryptocurrency was created beautifully from the get-go and doesn’t require upgrades like the second-biggest blockchain by market cap, ethereum.

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