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  • 04 November

    No More Delays! Ethereum 2.0 [Phase 0] Set to go Live on December 1

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Wed, Nov 4, 2020 6:24 PM by Coinfomania

No More Delays! Ethereum 2.0 [Phase 0] Set to go Live on December 1

The first version of Ethereum’s long-awaited upgrade to 2.0 will go live on December 1 at 12:00 UTC. The new date was confirmed by the Ethereum Foundation in a blog post today and marks a critical step as the world’s second-largest cryptocurrency network looks to scale its performance by adopting a proof-of-stake (PoS) mechanism. Until now, the Ethereum network has worked with the proof-of-work (PoW) mechanism pioneered by Bitcoin but has failed to scale to the extent needed to power the large volume of transactions it now processes. Conditions for ETH 2.0 launch on Dec 1 Ethereum 2.0 phase 0

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