The Ethereum network is slated for its biggest upgrade in 2022 as it moves from a Proof-of-Work (PoW) mining consensus towards Proof-of-Stake (PoS) one. The official page for Ethereum 2.0 suggests the imminent move to PoS could take place by the second quarter of 2022. However, due to continuous delays since the beginning of the project, rumors started to circulate in the Chinese social media that ETH 2.0 upgrade might get delayed by another year.
Vitalik Buterin, the co-founder of the Ethereum network took to WeChat, a popular Chinese social media platform to clear the speculations. A popular Wechat group for Ethereum shared a screenshot of the article which hints at a possible year-long delay. Buterin responded in the group and said, “I didn’t say that”
The preparation for the Eth2.0 mainnet launch has begun as the developers behind the project launched the testnet in December for a mass trial. The Kintsugi testnet went live on 21st December which is being seen as the last maj
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