Ethereum 2.0 Release Date Approaches Amid Ongoing Issues

The launch of Ethereum 2.0 may face further delays, as developers have rescheduled the network’s proof-of-stake algorithm upgrade to June 2020, according to recent reports. Given the many elements surrounding this eagerly anticipated launch, the development team’s statements can be seen as an almost official commitment. However, they describe their outlook as “carefully” optimistic, suggesting that the crucial update is still not imminent.

This cautious optimism is primarily due to the presence of several bugs within the system that the Ethereum team is currently working to resolve. Meanwhile, other platforms are successfully rolling out their own proof-of-stake networks. This situation raises questions about why Ethereum is taking longer to implement its final upgrade phase, which is essential for achieving true scalability, and whether this delay could result in Ethereum 2.0 falling behind in the scalability competition.