Vitalik: We have underestimated how long it will take to implement Proof-of-Stake and Sharding
The Hashing It Out podcast recently hosted Ethereum co-founder Vitalik Buterin. During the program, he explained how he would handle the creation of the Ethereum in a different way today.
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Buterin acknowledged the presence of a number of changes, both large and small, such as thinking more about gas costs. „We didn’t really do a good job of establishing them in the first place,“ Buterin said in the July 2 podcast interview.
Buterin’s biggest changes involve sharding and Proof-of-Stake
After mentioning gas prices and other minor modifications he would have made from the beginning, Buterin took a look at some of the most important changes around Ethereum.
„We definitely underestimated the amount of time it would take to finish a lot of the things we didn’t start in 2015,“ Buterin said, pointing to the Proof-of-Stake, or PoS, and sharding as the most significant aspects.
„If we had known it would take years, we probably would have designed the roadmap differently, thought about what different teams would be working on in a different way, making a lot of decisions about it in a very different way than we are now, so I think there are definitely a lot of regrets and wasted time on those aspects.
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The blockchain expert also highlighted regrets and loss of time regarding several aspects, such as the technical part of the network, addressing a multitude of issues and concepts during the in-depth interview.
Ethereum 2.0 is on its way
Ethereum 2.0, or ETH 2.0, has been in progress for some time. Originally expected by January 2020, ETH 2.0 has faced a number of delays. A June 23rd post on the Ethereum blog showed that the team is still working.
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Earlier this week, Buterin also talked about the gradual process of scaling up the Ethereum for transactions.