- Ethereum 2.0 proposes a way to update Ethereum with respect to scaling issues and to transform into a proof-of-stake consensus mechanism.
- This huge transition of Ethereum had been penned down to take place at the beginning of this year. However, due to a lot of unresolved issues regarding technicality paved a way for the delay in its launch.
- BitMEX, a popular trading platform believes the launch will no more face any delays and will establish in early July.
Ethereum 2.0 proposes a way to update Ethereum with respect to scaling issues and to transform into a proof-of-stake consensus mechanism. The launch of this upgrade was to take place earlier this year and since its announcement, there has been great anticipation revolving around it. Adding to the anticipation is Ethereum’s goal to offer high security and high scalability, through the upgrade.
This huge transition of Ethereum was to take place at the start of this year. However, due to a lot of unresolved issues regarding technicality paved a way for the delay in its launch. The much-awaited transition appears like it will launch somewhere in July.
BitMEX, the next generation crypto trading platform believes Ethereum 2.0 will launch in early July
The next generation crypto trading platform, BitMEX decided to state its view regarding the Ethereum 2.0 launch. Its views came to light through its recent tweet dated May 4. This popular platform believes the launch will no more face any delays and will establish in early July. Furthermore, there exists almost no choice than letting the incredible multi-year transition to a new network take place, it added.
Ethereum 2.0
Ethereum 2.0 is set to launch as early as July 2020, assuming no further delays. Given the decision to scale via sharding, we believe there is little choice other than to attempt this incredibly complex multi-year transition to a new networkhttps://t.co/XQzh3beO6B pic.twitter.com/q6s2NaHbPs
— BitMEX Research (@BitMEXResearch) May 4, 2020
Reportedly, the platform stated its belief in regard to Ethereum’s upgrade earlier too. The trading platform has said that this launch is not that important as it appears to be. Also, it emphasized the fact of economic activities and smart contracts remaining on the original Ethereum network itself. And about how they will continue existing parallelly to Ethereum 2.0.
That being unveiled, many investors alongside the platform seek this upgrade as a motivating factor for the crypto’s growth. They believe this transition will make way for the addition of scalability and will revolutionize the crypto industry. In the long-term, however.