The Ethereum community is primarily looking at Ethereum 2.0 upgrade that intended to bring scalability in the network.
The debate regarding the substitution of network POW with PoS has commenced within the Ethereum community, since the launch of the platform. The Ethereum 2.0 is considered to be a significant upgrade that will reshape the network consensus protocol to proof-of-stake.
Recently, Vitalik Buterin, CEO of Ethereum, has announced the thriving development and launch of multiple solutions Layer 2 on the network, stating that “the initial deployment of Ethereum’s layer two scaling strategy has *basically* succeeded.”
Ethereum 2.0 Launch is Very Close
As the crypto sphere is precisely anticipating the implementation of the Ethereum 2.0 upgrade, the person calling himself as “heyheeyheeey” has published a blog on a Medium that demonstrates the Ethereum 2.0 protocol solution.
The writer mentioned, the idea is a “design for an ETH2 staking solution on top of Argent, that is fast and simple to use so that users with less time, knowledge or skills can join from the beginning.” According to the blog, argent is a crypto wallet designed to manage solutions related to the DeFi network.
heyheeyheeey also said,
“Staking is coming to Ethereum soon but it’s only for technical users and requires a large amount of Ether.”
Although January 2020 was a formal launching date for the Ethereum 2.0 upgrade, it was shifted to the second quarter, and later repeatedly to the third quarter of 2020. For developers, July has been a spot date since the start of 2020. Crypto analysts are anticipating the launch of upgrades on the network’s fifth anniversary, a debut for July 30.