bt-crow.com
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The co-founder of Ethereum (ETH) believes that the market has not yet taken into account the upcoming transition of the network to Proof-of-Stake, which should take place in September
Vitalik Buterin believes that the transition affects investor sentiment, but the general opinion will become positive after its completion:
“Once the merger actually happens, I expect investor sentiment to improve. In my opinion, until it passes, it will not be displayed on the course, and I mean not only market conditions, but also psychological factors. The main impact on the course will be provided after the merger process”
Buterin noted that developing new software technologies always takes time:
“Our results were quite mixed. If we compare the release process of Beacon Chain with the release process of ETH 1.0, then the release of the latter took 20 months. The merger after the initial launch of Beacon Chain will take approximately 22 months.
He also stated that there are larger forces involved in the process of finalizing ETH 2.0, namely, they complement efforts to complete the merger without costly mistakes along the way:
“There are two opposing pressures that we have to face. One side speeds up the process, thanks to the cool researchers and developers. But there is also a side that slows us down and they don’t want to change anything.”
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