Ethereum 2.0 Won’t Be Released for ‘Potentially Many Years’

[Shahinaz]

Ethereum is making progress, but the timeline for a full ETH 2.0 release is not coming any closer. According to a recent official blog post, we can expect “potentially many years before a full ‘Ethereum 2.0’ roll-out.”

With the recent Istanbul hard fork update, many in the Ethereum community were enthusiastic about Ethereum 2.0 coming soon. This enthusiasm, however, fails to grasp the complexity of the work the Ethereum developers are undertaking — and it’s going to take them a lot more time.

According to an overview of the most pressing problems confronting Ethereum developers, ETH 2.0 (called ‘Serenity’) is a long way away. The 1.x Files: a fast-sync, posted on the official Ethereum blog, reads that the team is now focusing on more incremental upgrades to Ethereum 1.x. Research is being broken up into smaller updates to ensure that the original chain remains operable during this transitionary period.

The task now is to prolong the “life of the chain for at least another 3-5 years, before a more dramatic upgrade to Serenity (ETH 2.0) arrives,” the post reads.

source: https://beincrypto.com/ethereum-2-wont-be-released-for-potentially-many-years/