Although developers say that phase 0 of Ethereum 2.0 will come this year, they expect it to be launched on July 30, 2020.
Last week, during a question and answer session led by a team of Ethereum researchers in Reddit, they said that the launch of phase 0 for version 2.0 of Ethereum will take place before the end of the year, but they expect the same is done on July 30, 2020.
The Question and Answer session was attended by Danny Ryan and Justin Drake, both representatives of the Ethereum Foundation, who assured that the programmers are working with great dedication in this initiative, which would take the network to the next level of operability implementing changes that would provide the protocol with new properties consistent with the needs of the community.
Regarding the planned date for the launch of phase 0 of the Ethereum 2.0 protocol, Drake commented:
I hope we can launch this before July 20, 2020 (date of the fifth anniversary of Ethereum 1.0). I think it is unlikely that we will release it for the first or second quarter of this year, especially if we want three customers to be ready to carry out all the necessary production.
Subsequently, Drake supported the opinion of one of the forum participants, ensuring that it would be a failure for the Ethereum Foundation to extend the launch of phase 0 beyond 2020, so he said he was 95% sure that the community will see this. materialized for this year.
Phase 0 for Ethereum 2.0 in 2020
Regarding the possibility of seeing phase 0 of Ethereum 2.0 active in 2020, Ryan commented:
Phase 0 will certainly be launched in 2020. Audits go as expected and test networks gain more strength over the weeks. Our estimates will vary depending on how the clients appear in the audits performed by third parties and the specifications indicated for each case. The rest will depend on the concerns present in the engineering team, and the evolution of the stabilization /optimization processes in the last stage of the work.
The launch of Ethereum 2.0 is one of the most anticipated events by the community of developers and investors of the Ethereum ecosystem, since in addition to the operational improvements in the design of smart contracts, it also aims to direct the network towards a change in the consensus algorithm, which would pass from Proof-of-Work (PoW) to Proof-of-Stake (PoS) thus enabling a block validation system run by operators with ETH funds as collateral.
According to statements by the head of global strategy for ConsenSys products, Collin Myers, based on a minimum investment of 32 ETH, participants will derive commissions between 4.6% and 10.3% per year under the new protocol of consensus.
Regarding programming, Vitalik Buterin assured that Ethereum 2.0 will change the way of programming smart contracts since there will be a large-scale framework for the execution of operations, making the integration process much simpler for decentralized applications (dApps) and achieving greater scalability for network operation.