Ethereum 2.0 still has a long road ahead, MEW founder says

“I think the question should be, what is not the next hurdle for ETH 2.0,” Hemachandra told Cointelegraph, adding: Aimed at scaling the Ethereum network, Eth2 results from years of work and numerous delays. Most recently, facing a Nov. 24 deadline, validators deposited enough total Ether (ETH) coins to enable Tuesday's Beacon Chain launch, thanks to several last-minute transfers.

Phase 1 comes next in Ethereum 2.0’s progression, which Hemachandra believes may not finish until the end of next year. “One thing I like about Etereum developers is the fact that they don't depend on the price of ETH,” he said, adding: In line with Eth2’s transition to PoS, Coinbase recently announced its plan to launch Ethereum 2.0 staking sometime next year.

Timeline of Ethereum