Vitalik Buterin Quashes Rumours of Ethereum 2.0 Launch In July 2020

Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.
  • The recent statement of Vitalik Buterin on twitter shows that the ETH 2.0 launch will be delayed further.
  • He replied that maybe the question contained the word July. According to Buterin, he missed the word of July.
  • Many followers think Buterin should clear the timeline the official testnet release is one of the most pressing issues at the moment.

The recent statement of Vitalik Buterin on twitter shows that the ETH 2.0 launch will be delayed further. ETH has decided not to release Ethereum 2.0 in July. However, in May, several crypto media reported that Ethereum Founder will release ETH 2.0 protocol upgrade in July. Thus, contracting the rumors vitalik cleared that there is no such plan to launch in july.

According to Buterin the consensus mechanism to proof-of-stake (PoS) was set to release. However, recently he said the date was wrong. He completely denied that he mentioned the word of July. On the other hand, he replied that maybe the question contained the word July. According to Buterin, he missed the word of July. The project was in the development process for two years.

Community’s Reaction on Delay in Launch of ETH 2.0

Buterin received mixed responses to his response. Many followers think that delaying is good for security. They also believe that ETH will complete the development process in a few months after July. However, a follower mocked after receiving another extension of releasing date that ETH would complete the development process in 2040. Many followers think Buterin should clear the timeline the official testnet release is one of the most pressing issues at the moment.

The testing period takes a long time. That’s why We think the ETH should not rush. The reason is ETH should complete Testing Properly before making available in distributed protocol with no centralized oversight. After Vitalik, crypto expert Marco Levarato also said there is no possibility of releasing in July.

There was no official multi-client testnet. Furthermore, the upcoming testnet needs at least two months for running flawlessly. He also thinks that ETH 1.0 requires a significant update to its BLS signature. He also stated, ETH should complete the significant update before launching 2.0. Hence, we have to wait till the mid of May.

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