Problems with ETH 2.0. Is the project canceled?
We haven’t thought about the upcoming second version of the popular Ethereum platform for a long time. The so-called digital silver is now planning its transition into a fundamentally new phase. That is why the developers are busy working on the project. The creators of the platform are finalizing new technologies, implementing various solutions inside the site. And, of course, they eliminate numerous faults. Ethereum 2.0, according to Vitalik Buterin, turned out to be much more complicated than originally thought. Next, we will tell you what problems the project has and when to expect the coveted launch of a new cryptocurrency. So let’s get started.
What Vitalik Buterin says
First, consider the statements made by the leader and mastermind of the company. Vitalik Buterin emphasizes that he has no doubts that the second version of Ethereum is inevitable. In his opinion, the project should move on. Many of the nuances implemented in the classic ETH are already outdated, because the coin has been on the market for a long time. In order to keep up with current industry trends, it is necessary to improve the payment instrument. Therefore, the second version of Ethereum is inevitable and will definitely hit the market in the near future. However, Buterin noted that the job is much more difficult than originally anticipated. But this does not mean at all that there are any serious problems with the project. There are certain nuances and unexpected subtleties, but the current team is ready and able to release ETH 2.0.
At the moment, the developers are concentrating on solving some of the platform’s bugs. Certain nuances require special attention. First of all, we are talking about a feature of the system that led to the bifurcation of the Blockchain. Roughly speaking, the system suddenly began to split into internal branches, as if an unplanned hard fork had taken place. Already on August 14, the problem was diagnosed, transferred to the programmers, who began to resolve the problems. Unfortunately, the test version of the coin suffered, namely mining. Mining cryptocurrency has become almost impossible. But, if you believe Buterin’s statements, now everything is in order and the coin continues to work in a normal test mode.
When to expect ETH 2.0 and what will it be?
Ethereum is no longer just a platform with an internal cryptocurrency. At one time, this project brought a lot of new things to the industry, and so far ETH remains one of the most innovative market solutions. Today, digital silver makes it possible for thousands of independent developers to earn money, this is a whole ecosystem. This is why conflicts of interest arise. Part of the community believes that Ethereum has deviated too much from its original course, and today it is absolutely different from its previous variation. Nevertheless, Buterin believes that Ethereum was originally positioned as a kind of global computer. The idea of the project as a monetary instrument came much later and, according to Buterin, it was wrong. He and all the developers see in their project the future not only for cryptocurrency fans, but also for all computer users. Big ambitions must be justified.