Vitalik: We have underestimated how long it will take to implement Proof-of-Stake and Sharding

Written by on 15. Juli 2020 in flesta

 

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.

He added:

„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.

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