Vitalik Buterin: "Etherium 2.0 is only 50% ready"
Vitalik Buterin, the co-founder of Etherium, spoke about the development of the second cryptocurrency during his two-hour podcast Bankless. According to him, the readiness of the new version does not exceed 50%.
Buterin stressed that to achieve maximum scalability and decentralization, Etherium needs to become more flexible and easier in terms of data in the blockchain. This will allow more people to run full nodes of Etherium and consequently make the network more decentralized. Right now, 2.6 Mbytes of data per second pass through the Etherium network.
The project team is now working on the merger phase - a full transition to Proof-of-Stake (PoS) consensus. The transition should be completed in the first half of this year. The second stage will be to increase scalability and bandwidth on the Etherium network.
