Ethereum 2.0 research breakthroughs already figured out, says Vitalik Buterin

  • What remains is the implementation of the research developments.
  • A cross-client testnet will be launched next after phase zero testnets.

The founder of Ethereum Vitalik Buterin has reiterated that the network has all the research breakthroughs already figured out for the upcoming Ethereum 2.0 upgrade. However, what remains is the implementation of the research developments.

“We’ve actually already had all the research breakthroughs we need for a full implementation of eth2. This has been the case for about a year now.”

Meanwhile, the network developers have launched three testnets for phase zero of the Ethereum 2.0 upgrade. A cross-client testnet will be launched next. You should note that the phase zero is used for staking only. Phase 1 will see the network add some more features like storage sharding in 2020 while the mainnet (ETH 2.0) will be fully launched after two years from now.

At press time, Ethereum is trading at $253 while supported by the 100 Simple Moving Average (SMA). The upward movement has been limited at $260 today with Ethereum likely to trade sideways in the coming sessions. The mundane trading in the market has the bullish and bearish pressure canceling out. Unless a breakout occurs, ETH/USD will sustain the support at $250 and stay under the resistance at $260.

ETH/USD 60-minutes chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin struggles at $9,300, while altcoins on the run

The cryptocurrency market recovery is driven by altcoins. XRP, BCH, ADA, LINK, XLM and other coins have been smashing resistance levels one after another with no particular fundamental reason.

More Cryptocurrencies News

XLM/USD bulls may return to $0.0800 after a short break

Stellar (XLM), the 14th largest digital asset, has gained over 10% of its value in the recent 24 hours to trade at $0.0791, at the time of writing. The coin has been growing rapidly since the start of the week and increased by over 16% on a week-on-week basis.

More Stellar Lumens News

XTZ/USD gains over 7%, bumps into daily SMA50

Tezos (XTZ) is moving within a strong bullish trend. The coin hit the recent high at $2.66 and the upside momentum is gaining traction. XTZ is now the 13th largest digital asset with the current market value of $1.94 billion. 

More Tezos News

Cardano Chart Update: ADA/USD starts correction after 25% price increase

Cardano (ADA) has been one of the best-performing altcoins in recent days. The coin gained over 85% of its value in ten days and ousted Bitcoin SV from the sixth place in the global cryptocurrency market rating.

More Cardano News


Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast