ConsenSys founder and Ethereum co-founder Joseph Lubin is confident about the Ethereum 2.0 upgrade and the timeframe for its benefits. Lubin made pertinent remarks at the Ethereum in the Enterprise 2020 on Dec. 3. 

• Lubin said that “Ethereum 2.0 would absorb Ethereum 1 in the not too distant future”, because a lot of complicated work has been completed with the launch of phase 0
• The highlight of the remarks was Lubin’s estimation that the next major upgrade would arrive in the next 9-12 months, which would bring a massive increase in scalability
• Vitalik Buterin also offered a condensed roadmap for short and medium term outlook for ETH 2.0, saying that light client support would be the first to arrive, followed by sharding
• ETH 2.0’s beacon chain launched on Dec.1, as scheduled, marking the first step in the transition towards a proof-of-stake network
• Sharding and native transactions are expected to arrive in later phases of the upgrade, which will be under development until 2022
• He also mentioned ConsenSys’ work on CBDC, including a collaboration with the Reserve Bank of Australia, optimistic about the improvements Ethereum could bring and calling the current infrastructure “creaky and expensive and slow”