- Ethereum founder Vitalik Buterin had said Ethereum 2.0 will ship before 2020 ends
- It will transition the largest public blockchain from proof-of-work (PoW) to proof-of-stake (PoS) consensus algorithm
- Ethereum 2.0 is promising an eventual transaction speed of 100,000 per second
A number of developers are confident that Ethereum 2.0, the delayed update on the Ethereum blockchain, is poised to launch in November 2020.
According to Raul Jordan, one of developers working on the transition as well as an Ethereum infrastructure builder with Prysmatic Lab, November is ideal for the launch once a number of security checks and user experience polishes have been completed, news outlet Decrypt reports.
This is in accordance with Ethereum founder Vitalik Buterin’s previous statement, wherein he estimated Ethereum 2.0 will ship before 2020 ends.
Ethereum 2.0 will transition the largest public blockchain from proof-of-work (PoW) to proof-of-stake (PoS) consensus algorithm. While Ethereum 1.0 transactions