Ethereum 2.0: The Reasons Behind the Delayed Launch
Bitcoin’s (BTC) halving has passed, and all eyes in the crypto community are on the launch of Ethereum 2.0, as it was delayed. “Will it launch anytime soon?” “Will it really eliminate the issues in ETH1,” and many other questions circulate around the ecosystem.
Ethereum 2.0 project lead Danny Ryan talked about the sticking points which caused ETH 2.0 to be delayed and also pictured the future of the upgrade in a recent interview. Explaining how one problems are easy to solve and others are a huge roadblock, he said:
“They generally are solvable on a relatively quick basis, sometimes things are no-brainers. Like, sometimes a problem is a problem just because we haven’t thought of it yet. So we put it out. We’re like, okay, this makes sense, let’s just do this and we go on with it.”
Another interesting point discussed in the video was the second-system syndrome which ETH 2.0 may experience. For context, second-system syndrome stands for the tendency of systems to be succeeded by over-engineered, bloated systems due to inflated expectations and overconfidence. The main aim of ETH 2.0 is to fix all the issues in ETH1, while making it better. And, analyzing how things have slowed down lately, this might appear to be a classic case of second-system syndrome.
Agreeing with the notion that the syndrome was partially in play, Ryan stated:
“We’re doing this completely in the public’s presence; most things aren’t really built this way and most things that have suffered from this are probably sitting behind a successful company working in the background. There may or may not be the crazy pressures that honestly we feel – the community wanting this and we’re hyper-aware of not meeting the expectations that we set. So, I think are definitely outweighing the second system syndrome at this point.”
In addition, Ryan had also recently stated that Ethereum 2.0’s multi-client paradigm is one of the major roadblocks for the project’s launch. However, it can’t be ignored, as it is vital for security reasons. Vitalik Buterin, co-founder of the cryptocurrency, had confirmed that ETH 2.0 was “on track”, and that there were no unexpected bumps on the road.