Bitcoin

5 years of updates, delays and changes to the Ethereum network

A huge crypto project was launched five years ago that changed the cryptocurrency and blockchain space forever. Since it opened in July 2015, Ethereum has undergone a number of planned changes. The most recent step in the Project Evidence of Use (PoS) project involved a number of delays.

You start Ethereum in 2015

On July 28, 2015, Ethereum announced details that indicate a planned launch of Frontier, the network’s first framework, between July 29 and 30. The project started as planned on July 30th.

In February of the following year, Ethereum had become a major player in the blockchain and cryptocurrency industry. Your fortune Ether (ETH) ranked second as the most valuable crypto asset on the market.

5 years of updates, delays and changes to the Ethereum network
5 years of updates, delays and changes to the Ethereum network

Ethereum had four main stops during its development: Frontier, Homestead, Metropolis and Serenity.

On February 29, 2016, Ethereum released a plan for the second phase, Homestead, which is due to be released on March 14. As expected, Homestead came online on March 14thAccording to a post by Consensys.

Metropolis is coming with delays

In 2017, according to the Cointelegraph report from August 2017, there was talk of a move towards the Metropolis, a hard fork that is expected to go online in the last days of September this year. Subsequent reports showed that hard forks from Byzantium and Constantinople were the expected outcome of the event. The event seemed to be published on time by September.

According to the November 2019 Cointelegraph report Byzantium arrived on October 16, 2017 and Constantinople on February 28, 2019. Istanbul followed on December 7, 2019.

The fourth phase, Serenity, also known as Ethereum 2.0 or ETH 2.0, is still ongoing.what is the result of a long series of delays. The team announced a launch date in January 2020, though the industry is still waiting for the network to change in July. A move to launch PoS, the Ethereum 2.0 test network, will open on August 4th.

The co-founder recently pondered Ethereum’s path through the years in an interview in July Vitalik Buterin told the moderator of the Hashing It Out podcast that he and the Ethereum team had underestimated the time for the update.

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