3 ms·
Just want to point out that Ethereum 2.0 will be Proof of Stake, so moving forward the ecological argument is moot.
by andreaorru 6y ago
Just want to point out that Ethereum 2.0 will be Proof of Stake, so moving forward the ecological argument is moot.
- bhay 6y agoExactly! Too many people in this thread are making huge judgements based off a very limited knowledge of what is going on in the blockchain space. I agree with OPs inference that the art market is going to get over saturated, but ETH ecology is not an argument against NFTs. Plenty of alt-chains exist and interchain marketplaces are being built as we speak.
- quickthrower2 6y agoWhat’s the timescale for that? I know they are testing it now.
- andreaorru 6y agoIf all goes well, 2022 [0]. The transition will happen in multiple phases. IMHO it's very interesting from a software engineering perspective. - The Beacon Chain is already live (since December last year). It's going to act as the coordinating entity in the PoS system. Future validators are already staking Ether on it. - Shard chains support is expected to be launched later this year. The plan is to have 64 shards to improve scalability. Together with Layer 2 solutions (which are on the verge of becoming mainstream, e.g. Jack Dorsey's tweet was minted using a L2) that will bring the throughput to ~100-200k transactions per second. - The last step is "docking" the old Ethereum Mainnet to the Beacon Chain as one of the shards of the new PoS system. [0] https://ethereum.org/en/eth2/ https://ethereum.org/en/eth2/