Bitcoin [BTC] continues to trade in a parallel range ($8500-$7775), as it builds up for the next move. The uncertainty around its price is reached its climax, as further downwards movement could invalidate the bull market for a long time.
The price of Ethereum at 12: 15 hours UTC on 9th September is $182.6. It is trading 1.57% higher on a daily scale.
Ethereum has faced a lot of criticism due to its scalability and the great bear market after the ICOs were put to an end. Nevertheless, the cryptocurrency still leads the smart contracts space, and the launch date of Ethereum 2.0 is coming closer as well.
Full house again taking about Eth 1 development at #DevCon. A short thread! pic.twitter.com/6e24hWbZ0Q
— Leigh Cuen (@La__Cuen) October 8, 2019
However, at the recent annual Ethereum Devcon, numerous doubts were raised on the final roadmap. Since Ethereum 2.0 will be a new blockchain altogether, it will require the transfer of smarts contracts, DApps, and wallets from the older blockchain.
While Phase 0 will begin this winter, reportedly, the tokens will be locked on the blockchain for the next six months. Effectively, this can create another ambiguity as there will be ETH 1 and ETH 2 running simultaneously together. According to sources, it might take two years for the completion of Ethereum 2.0.
Peter Mauric, Parity’s head of communications told the media,
“No one really knows what Eth 1 will look like once Eth 2 exists, there’s not a ton of new development going on in the current chain clients. Most of the ongoing work is maintenance.”