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Ethereum 2.0 Is Set To Launch, But It Won’t Be Ready to Use
Summary: Tim Ogilvie, CEO of Staked, a company that handles servers and infrastructure on behalf of stakers, said when ETH 2.0 goes live around December, all the Phase 0 ETH 2.0 blockchain can do is validate blocks. “None of what you think of as the core functionality of Ethereum is enabled as part of phase zero. You can't ...
Tim Ogilvie, CEO of Staked, a company that handles servers and infrastructure on behalf of stakers, said when ETH 2.0 goes live around December, all the Phase 0 ETH 2.0 blockchain can do is validate blocks. “None of what you think of as the core functionality of Ethereum is enabled as part of phase zero. You can't transfer [ETH], you can't participate in DeFi or other smart contract activities.”
Ogilvie said that the most aggressive estimates for Phase 1 is six months and two years for Phase 2. “The more conservative estimates are significantly longer than that. So you're talking years before you have a full transition from ETH 1.0 to ETH 2.0.”
By Amy Liu
Tags: Ethereum 2.0,Launch,Phase
Link: Ethereum 2.0 Is Set To Launch, But It Won’t Be Ready to Use [Copy]
