MyEtherWallet’s founder believes ETH 2.0’s beacon chain will launch this year but says the ‘full reality’ is still some way off.
Kosala Hemachandra, the founder of MyEtherWallet (MEW), has told Cointelegraph the fully-fledged version of ETH 2.0 is still years away.
The first phase of the Ethereum 2.0 upgrade was originally set for Jan 2020 but then postponed to coincide with this week’s fifth anniversary. It’s since been delayed again with a launch now expected sometime between November and early 2021.
While Hemachandra believes Phase 0 will launch sometime this year, he points out the full version of ETH 2.0 will not be up and running before 2022:
"I think the full reality of ETH 2.0 is at least a couple of years away.”
Beacon chain is only Phase 0
ETH 2.0, also called Serenity, consists of three phases — Phase 0: beacon chain, Phase 1: shard chains, and Phase 2: shard chain execution.