Ethereum Upgrade Could Be Implemented In Three To Five Years
“We’ve done a lot of work on Ethereum. We intend to support it in the New Year. We’re very led by our clients,” he said.
ETH 2.0 upgrade is years away
Ethereum is awaiting the vital upgrade Eth 2.0, and it seems that this is still three to five years away from getting implemented.
It’s been reported that instead of diving into an overall upgrade, devs are currently working on a suite of short-term fixes that are aimed to improve the health and durability of the network, says a post.
Griffin Ichiba Hotchkiss, the post’s author, said that “With potentially many years before a full ‘Ethereum 2.0’ roll-out, the current chain would need changes to ensure that larger problems that wouldn’t render Ethereum in-operable before a comprehensive protocol upgrade could be delivered.”
He continued and wrote, “Hence, ‘Ethereum 1.x’ – research into smaller, incremental upgrades to current Ethereum (1.0) – was born with the task of prolonging the life of the chain for at least another 3-5 years, before a more dramatic upgrade to Serenity (Eth 2.0) arrives.”
Read more in the original post mentioned above.
Not too long ago it was reported that ETH devs are building some mind-blowing tools that are reimagining how money flows and how the financial services are provided.
Experts believe that there’s a stringent need for a new and revolutionary financial system.
Ethereum in the crypto market
In terms of pricing, Ethereum is trading in the green today, at the moment of writing this article. Most crypto assets are trading in the green now, and ETH is currently priced at $130.
There have been a lot of optimistic crypto predictions lately despite the huge market volatility.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.