Ethereum co-founder & CEO Vitalik Buterin announces for Ethereum 2.0, in which Ethereum going to have to major goals, i.e. first network will be eliminating proof of work and will introduced proof of stake consensus mechanism and also sharding will be introduced with investor who having more than 32 ETH will be part of staking. Ethereum 2.0 going to use Beacon chain on the system and as per roadmap all this going to happen in Q2 2020 which will be divided into different phase, as phase 0 is started in which there are more than 20k active validators spotted and testing network.
ETH 2.0 Roadmap
|Q2 2020||Beacon chain|
|Q3 to Q4 2020||Basic Sharding|
Ethereum 2.0 Price Prediction
|Month & Year||ETH 2.0 Price Prediction|
Ethereum official already announces up to 10% staking reward for staking, so most of Ethereum blockchain problem going to be solved in upcoming months, as some of cryptocurrencies which are launched recently who providing upgrade Ethereum blockchain with solving existing system problem along with providing scalability to obtained thousand of transaction per second, so Ethereum also going to provide same feature in future and that can encourage them to moving to obtained more scalability and network upgradation.
Since beginning Q2 of 2020 i.e. from 1st April 2020 Ethereum is unstoppable, because it is hiked from $131 USD to today price $194 USD with over 45% growth rate, as per top predictor due to recent system upgrade price will be on the moon so most top predictor already saying about Ethereum 2.0 can help to cryptocurrency to cross $500 USD mark again in June 2020. Talking about best figure for 2020 then Ethereum was trading at price $281 USD in February 2020, so after more than 20k validation done the rewards calculator also launched officially and now over thousand usd worth Ethereum distribution start soon.
Ethereum 2.0 Price Prediction
There will three phases for Ethereum 2.0 starting with phase 0 i.e. beacon chain then phase 1 is fragment and at last phase 2 i.e. Implementation, as this process may ends in 2021, as in 2020 there will be successful run of phase 0, where phase 1 will make Ethereum stable and then phase 2 help to in execution, so following this there will be more price growth is coming, where Ethereum can be go up to moon, in it created possibility of crossing $1000 USD increased. As per current report beacon block and 64 shards are created within 12 second, so this speed is way better than previous version of blockchain, as main work of beacon chain is to manage and store registry of every validators, as block proposer will help to select validator who is producing blocks in randomly.
Ethereum 2.0 Release Date
After building beacon chain and sharding block the expected execution time for is year 2021, most probably in Q2 2021, in which eWASM will be going to help to rebuild EVM i.e. Ethereum Virtual Machine, this network will support PoS and sharding and then later it will launched smart contracts, accounts and more Ethereum 2.0 feature, so making assumption of Q2 will be time for final stage ETH 2.0 then $1000 USD mark will be in reality in April or June 2021, as investing right now will you benefit in staking and also in ROI in less than 1 year.
The co-founder is doing lots of interview now days and looks very confident about Ethereum future, as current competition of Ethereum is still having lower growth rate percentage since news announcement and also Ethereum will going to destroy many cryptocurrency run in future with this update, as for some of cryptocurrency suggestion better version of Ethereum is turning out be biggest mistake at corporate level. As Cardano, Tron, EOS are cryptos who using same technology of PoS but after having bull run in 2018, this coins was started dropping with huge percentage, so looking at this Ethereum will be continue to upgrade their Beacon chain and in future year 2023 the ideal stage of serenity will be in the reality.
Read Also: ethereum classic Price Prediction
ETH 2.0 Staking Caculator
So per current staking calculator i.e. on ethereumprice.org it mentioned if you have 32 ETH (minimum ETH to get reward) then you will getting approx. 14% staking and at give $194 USD price in 1 year original stake will worth nearly $7k USD and in 10 years it will worth nearly $23k. as per other staking calculator portal early earning will be near to $440 USD with adj. reward of 6.67% with locked up period of 180 days. As they mentioned maximum annual reward is 18.10%.
As average market capitalization of 1 days is above $50 Million worth as compare to previous month it more than 30% growth is seen till now, as in future this will go up to more than 50% and will be closer to daily Bitcoin market cap value.
As average contract deployment is increased from 67000 contract per month from with more than 1,00,000 contract per month, as still most of expert thinks that increase of Ethereum may cause death of Ethereum, but this conclusion is senseless because system is already upgraded and will going to dominate cryptocurrency market in 2020 and 2021.
As in recent interview co-founder thinks that in coming 5 years, we will seeing lots of cryptocurrencies will match technology and that will create competition, and that will help to have fewer risk and better usability. As he also mentioned there are more surprises coming soon and that will be revealed in coming time, as he is very active on social media specially of twitter and with retweet, he teased many new technologies. As continue to interview he added, the dApps is hot thing going on in the crypto world, in they are more reliable and predictable in It always run as programmed, in order to control digital assets in financial application. As in future the things like stable coin, synthetic assets, decentralized exchanges will start existing. And this will reduce simplicity. So, with defi there will more improvement in privacy, as per current requirement.
So this will be the second run for Ethereum and lets where it goes and hopefully it will be give competition to Bitcoin halving which is going to help Bitcoin price growth. The final conclusion will be we are going to see more improved cryptocurrency in scalability and also more staking enabled cryptocurrency will launched in market, dApps, Defi will be having more preference than it is used get in previous year.