Ethereum supporters clarified that ETH 2.0 is not a product

The ETH community, which brings together 1,300,000 participants interested in developing the ETH blockchain, has made statements clarifying the most common misconception about Ethereum’s transition to Proof-of-Stake.

ETH2.0 is not a “product” that will one day be “placed on the market”. As Vitalik described, ETH will gradually be transformed into another, more advanced version with consequent improvements.

Proponents of WebЗ expect the new ETH to be launched as a new product by a certain date. Projects usually have an exact launch date for the main or test network, but this does not apply to the flagship smart contract platform.

Instead of waiting for the hypothetical term “ETH 2.0”, Ethereum advocates are better focused on two things: moving to Proof-of-Stake (PoS) as the technical backbone and deploying a shared network infrastructure.

This statement was well received by the community – r / ETH members voted for it more than 400 times within 12 hours of its publication.

Meanwhile, the ETH deposit contract set another record: it currently holds 11,041,778 ethers worth Z8.7 billion dollars.

If we compare this number with the value of a public company, then ETH would be at the same level as Motorola, BNY Mellon, Norilsk Nickel or ST Microelectronics.