The irony of Ethereum 2.0 is that there is a whole lot of information and activity around its phase’s development and progress, but the specific launch date is still unknown.
Ethereum co-founder, Vitalik Buterin, and his team are understandably under a lot of pressure to dazzle, and the COVID-19 global pandemic didn’t do much to help. The speculation about Ethereum 2.0 launching in the second quarter of 2020 peaked earlier in the year before the pandemic became a global concern.
Then came Black Thursday, Bitcoin’s Third Halving, and its resistance journey, which took the spotlight off altcoins and crypto projects for a while. However, with the year in its second half, Ethereum 2.0 launch could be the second biggest event of the year in the crypto community.
The transition to Proof of Stake (PoS), if done right this year, could solve Ethereum’s scalability issues and trigger an epic bullish event, with staking significantly increasing demand for ETH, on top of a market that is already anticipating a bullish season for Bitcoin.
Consistent Serenity Delays
The first partial launch was scheduled for January 30, as stated by Ethereum Foundation Researcher Justin Drake. He said that Phase 0 could be on track for launch on June 30, as also confirmed in a detailed June report by the SEBA digital banking company.
However, Drake recently asserted that the launch could very well be extended to early January 2021 due to cumbersome setbacks, but was quickly rebuffed by Vitalik Buterin who affirmed that ETH 2.0 must launch this year. Read More