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The original plan would have been hobbled by technical debt. They were going to implement the core algorithm as a smart contract on the old chain. It would have
by DennisP 7y ago
The original plan would have been hobbled by technical debt. They were going to implement the core algorithm as a smart contract on the old chain. It would have supported a much smaller number of stakers and shards.
In mid-2018 they threw out that plan, choosing instead to implement PoS as an entirely separate chain, integrated with sharding. This entailed a delay of over a year, but it meant a minimum stake of 32 ETH instead of 1500, and an overall much more efficient and scalable system. There are three main phases, the first being the core proof-of-stake "beacon chain," which is currently running a multi-client testnet.
There have been various proposals for migrating legacy Ethereum into all this; here's the latest: https://ethresear.ch/t/alternative-proposal-for-early-eth1-eth2-merge/6666 https://ethresear.ch/t/alternative-proposal-for-early-eth1-e...