Joe Lubin: the scalability of Ethereum will grow a thousand times over the next two years

Co-founder of Ethereum Joe Lubin believes in a great future of your own project. According to him, the scalability of the blockchain ETH will improve a thousand times over the next 24 months. This he told in an exclusive interview to journalists of the portal Cointelegraph.

We will remind, in November of 2018 acne Buterintold about the main intricacies of the transition Ethereum algorithm Proof-of-Stake. In February, a team of cryptocurrency developers have managed to launch the official pretzels Serenity. Finally, on 8 may, Joseph Lubin, said that the launch of Ethereum 2.0 will be the most significant event in the life of the whole kriptonyte.

More transactions

Joe thinks Ethereum 2.0 main way of implementation of all the ambitions of the programmers. The road to Serenity is another name for a major update — divided into four phases of development. With eight independent groups of experts are already working on clients for the new Ethereum.

In a few months we will be able to provide to the public the first fully working testnet. Perhaps by the end of this year, we come to the completion of the zero phase of the transition to Ethereum 2.0.

Lubin explained that there are several ways of integrating the new with the old blockchain. In Ethereum Foundation want ubeditsa in the safety of all coin holders ETH.

Source: Bitcoinist

While supporters of the cryptocurrency do not need to worry about the possible complexities associated with the transition to PoS — the team has already conducted a comprehensive study of the algorithm and weighed its advantages and disadvantages. Finally, the main advantage of the future of Ethereum — cryptocurrency will be able to process tens of thousands of transactions in just a second. Note that the final phase of the transition to the update will not take place before 2021.

Other details related to the Proof-of-Stake, read our cryptodata of hontarov.

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