Vitalik Buterin Clarifies Remarks on Expected Launch Date of Eth 2.0

Ethereum’s Vitalik Buterin: “I defer to the client devs on timelines and if they are now saying ‘Q3’ more broadly then I believe them.”

AccessTimeIconMay 12, 2020 at 11:31 p.m. UTC
Updated Sep 14, 2021 at 8:40 a.m. UTC

Ethereum founder Vitalik Buterin has clarified his remarks on the expected launch date of Eth 2.0.

During a Monday appearance at CoinDesk’s Consensus: Distributed, Buterin appeared to confirm a July launch date put forth in February by the lead researcher of the Eth. 2.0 project, Justin Drake.

CoinDesk Chief Content Officer Michael J. Casey asked if the overhaul to the world's second-largest cryptocurrency by market cap was "really coming in July. Are we ready for it?"

"I think so, yeah," Buterin said, before rattling off milestones achieved so far.

Eth 2.0 testnet coordinator Afri Schoedon countered Buterin’s statements on Twitter. “The final spec is not implemented in any client and we didn’t launch a coordinated testnet yet,” he wrote, adding:

In response, Buterin tweeted, “Yeah I did not say July. Perhaps the question contained the word July but I did not hear July when it was asked.” He then sent a second tweet, saying, “OK I definitely should have heard July in the question, it was my mistake.”

Schoedon is coordinating the Schlesi multi-client testnets, one of many test versions of the overhaul preceding Eth 2.0’s eventual launch. He has said Eth 2.0 Phase 0 could launch as late as 2021.

When reached by CoinDesk on Tuesday, Buterin offered a statement:

“I re-listened to the interview. The question indeed contained ‘July’, I don’t recall hearing ‘July’ so it sounds like it’s my fault for mishearing. Apologies for that,” Buterin said via email. “My actual stance is that eth2 is ‘on track’ in that there aren’t any unexpected bumps in the road, testnets are coming along, etc, but I defer to the client devs on timelines and if they are now saying ‘Q3’ more broadly then I believe them.”

Eth 2.0 represents a fundamental shift from a proof-of-work (PoW) consensus algorithm like Bitcoin’s to proof-of-stake (PoS).

The transition, which was included in the early plans of Ethereum, has grown to be a contentious topic following delays and missed deadlines.

Watch the full exchange from Consensus: Distributed:

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading; Solana Web3 Phone Faces Long Odds

Ether stays over $1,200; prior blockchain phones have failed because the market has realized their functionalities are already available via apps that can be loaded onto any old phone.

CoinDesk - Unknown
2
CoinDesk - Unknown
Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto

Second article in a series about risks we’re thinking about during these crypto down days.

CoinDesk - Unknown
3
CoinDesk - Unknown
Putin Weaponizes Inflation

Examining a recent propaganda speech from the Russian leader.

CoinDesk - Unknown
4
CoinDesk - Unknown
Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows

FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.

CoinDesk - Unknown