Ethereum 2.0 still has a long road ahead, MEW founder says
Despite its recent Phase 0 launch, the fully realized transition to Eth2 could still be years away from completion. Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project's transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and CEO of MyEtherWallet, Kosala Hemachandra, recently explained the next hurdle for Eth2. “I think the question should be, what is not the next hurdle for ETH 2.0,” Hemachandra told Cointelegraph, adding:“Basically, after the beacon chain launch, Ethereum will focus on phase 1 specs. It will go....
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On January 3, 2009, the Genesis block, or the first block in the Bitcoin blockchain, was created. In the coinbase parameter, there was a simple message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” From that one block, Bitcoin was born. Bitcoin has come a long way from that initial statement by Bitcoin’s pseudonymous founder, Satoshi Nakamoto. The technology is growing up and changing, from its early days as a project adopted by impassioned technologists and libertarians to a technology widely researched and used by financial institutions worldwide. Bitcoin had....