5 ms·

How many years has etherium been putting off proof of stake now? Two? Three?

by ip26 5y ago

falcolas 5y ago
At this point, it feels like the corporate perpetual “13 months out“. i.e. never coming, always on the horizon.
- ikt 5y ago
  this is a major update to a system that handles trillions in transactions, i'm happy they're taking their time on it. tbh though very seriously likely this year, all the major infrastructure is in place
  - falcolas 5y ago
    And, as ever, the exact same thing was said early last year, too. And the year before, if my memory serves me. I’ll have more faith that it’s actually coming once Star Citizen comes out. Until it’s actually released, skepticism’s the safest bet.
    - drdeca 5y ago
      Speaking of betting, What do prediction markets say about whether it will be out by what times?
    - dcolkitt 5y ago
      That's not true. This time last year, the Beacon chain had only been running for a little more than a month. Also the code was not complete to merge Pow/PoS chains. The merge has already happened on Testnet, so literally the full merge could be done on Mainnet tomorrow if the Ethereum core team wanted to.
kingo55 5y ago
There are forks of Ethereum already running PoS consensus (e.g. Binance Smart Chain, Songbird and an upcoming fork called PulseChain to name a few). I hear the difficult part is getting the sharding to work.
- pcthrowaway 5y ago
  BSC isn't strictly a fork of Ethereum, though it is EVM compatible and uses the geth protocol. It also uses the Tendermint consensus protocol from Cosmos, which is different from the PoS implementation being worked on by Ethereum. Sharding is definitely proving to be challenging for Ethereum, but my understanding is that it's being worked on independently of the move to PoS now.
- FranksTV 5y ago
  The difficult part is figuring out why anyone would ever want to use any of this stuff for anything other than money laundering.
musha68k 5y ago
I gave up on crypto because of the failed promise of proof of stake in ethereum especially. We are talking 2015 here. AFAIR it’s been minimum 6 years. Tezos has been looking interesting though I never looked in detail anymore. OCaml based, COQ checked code base and truly proof-of-stake last time I checked? Did anyone play with it in here? I know Ubisoft jumped on the lets-create-artificial-scarcity-where-we-can NFT hype train for some DLC. A terrible idea on the whole which should never find traction but interesting to me again because it’s apparently built on greater Tezos “stack”.
- tzatziki 5y ago
  Tezos has the largest grass roots adoption after ethereum for nft art. It’s very under the radar so I’m glad you asked. It has a burgeoning ecosystem and many users on ethereum are aware and have used tezos. As tezos ecosystem evolves, I believe it’s going siphon off a large amount of users from ethereum.
CryptoBanker 5y ago
Ever since I quit my job in finance - that was 4 years ago now.
NicoJuicy 5y ago
First POS was in 2012. Ethereum mentioned it in 2015. So it's been 7 years since announcement.
zarzavat 5y ago
Proof of stake has been running for a year already. https://beaconcha.in https://beaconcha.in They are currently working on merging the v1 and v2 chains.

How many years has etherium been putting off proof of stake now? Two? Three?

by ip26 5y ago

How many years has etherium been putting off proof of stake now? Two? Three?

falcolas 5y ago

At this point, it feels like the corporate perpetual “13 months out“. i.e. never coming, always on the horizon.

ikt 5y ago
this is a major update to a system that handles trillions in transactions, i'm happy they're taking their time on it. tbh though very seriously likely this year, all the major infrastructure is in place
- falcolas 5y ago
  And, as ever, the exact same thing was said early last year, too. And the year before, if my memory serves me. I’ll have more faith that it’s actually coming once Star Citizen comes out. Until it’s actually released, skepticism’s the safest bet.
  - drdeca 5y ago
    Speaking of betting, What do prediction markets say about whether it will be out by what times?
  - dcolkitt 5y ago
    That's not true. This time last year, the Beacon chain had only been running for a little more than a month. Also the code was not complete to merge Pow/PoS chains. The merge has already happened on Testnet, so literally the full merge could be done on Mainnet tomorrow if the Ethereum core team wanted to.

kingo55 5y ago

There are forks of Ethereum already running PoS consensus (e.g. Binance Smart Chain, Songbird and an upcoming fork called PulseChain to name a few). I hear the difficult part is getting the sharding to work.

pcthrowaway 5y ago
BSC isn't strictly a fork of Ethereum, though it is EVM compatible and uses the geth protocol. It also uses the Tendermint consensus protocol from Cosmos, which is different from the PoS implementation being worked on by Ethereum. Sharding is definitely proving to be challenging for Ethereum, but my understanding is that it's being worked on independently of the move to PoS now.
FranksTV 5y ago
The difficult part is figuring out why anyone would ever want to use any of this stuff for anything other than money laundering.

musha68k 5y ago

I gave up on crypto because of the failed promise of proof of stake in ethereum especially. We are talking 2015 here. AFAIR it’s been minimum 6 years. Tezos has been looking interesting though I never looked in detail anymore. OCaml based, COQ checked code base and truly proof-of-stake last time I checked? Did anyone play with it in here? I know Ubisoft jumped on the lets-create-artificial-scarcity-where-we-can NFT hype train for some DLC. A terrible idea on the whole which should never find traction but interesting to me again because it’s apparently built on greater Tezos “stack”.

tzatziki 5y ago
Tezos has the largest grass roots adoption after ethereum for nft art. It’s very under the radar so I’m glad you asked. It has a burgeoning ecosystem and many users on ethereum are aware and have used tezos. As tezos ecosystem evolves, I believe it’s going siphon off a large amount of users from ethereum.

CryptoBanker 5y ago

Ever since I quit my job in finance - that was 4 years ago now.

NicoJuicy 5y ago

First POS was in 2012. Ethereum mentioned it in 2015. So it's been 7 years since announcement.

zarzavat 5y ago

Proof of stake has been running for a year already. https://beaconcha.in https://beaconcha.in They are currently working on merging the v1 and v2 chains.