The upgrade of Ethereum to its version 2.0 is near, at least the developers of the new solution say.
In a question session at a Reddit forum, developers Danny Ryan, Justin Drake and Vitalike Buterin answered questions about updating the second largest blockchain project in marketcap.
According to Drake's response, it is very likely that the network will be launched in 2020.
"I have 95% confidence that it will be launched in 2020."
The development team initially expected to launch the network in January 2020, however the deadline was changed to some date in the second quarter. Most likely the devs will want to launch on July 30th, the network's 5th anniversary.
In a few months it is very likely that the network will undergo a major upgrade, the staking contracts will be launched. What is this? They allow users to save ethers to protect the network.
While in the current model it is necessary to mine with hardware, in Ethereum 2.0 you will need 32 coins to participate in the creation of blocks.
The development team believes that the number of block validators can take up about 10% of all ethers in circulation.
There may be a race to become a validator. With more demand and less ETH in the market, the price would tend to rise.
However, we know that Ethereum still has a big correlation with Bitcoin. So it is interesting to study the market conditions and take some care when investing in the Ethereum future.