Ethereum 2.0 is a Great Big Lie
Is Vitalik Buterin a fraud?
“The Great Renaming.”
That’s what happened to Ethereum 2.0 in December last year. You missed it. You shouldn’t have. Because it just changed everything for Ethereum.
The founders of Ethereum including Vitalik Buterin decided to intentionally scrap the name “Ethereum 2.0” because they felt it was misleading. Now, Eth2.0 is split into five different upgrades.
Uh-oh.
These updates are called, “the merge, the surge, the verge, the purge, and the splurge.” And guess what? In an interview with the Bankless podcast, Vitalik Buterin admitted it would take six more years for it all to get finished.
Uh-oh infinity.
Is Eth2.0 a cobbled-together mess, is it pure spaghetti code? And should we be worried?
The Bad News
Thankfully, Buterin confirmed that Ethereum only needs “the merge” and “the surge” updates to essentially complete the Ethereum 2.0 vision. These two updates would introduce Proof of Stake and Sharding onto Eth, all of which should come in Q2 of 2022.
But there’s a lot of bad news as well. This is the absolute state of Ethereum right now:
- $300 gas fees
