Ethereum to switch to PoS in summer 2017 at the earliest - Buterin

Ethereum to switch to PoS in summer 2017 at the earliest - Buterin

Speaking at a conference for Devcon2 developers in Shanghai, Vitaliy Buterin said that the switch of Ethereum to Proof-of-Stake will not happen until the next summer.

He presented the Mauve Revolution document, dedicated to the network scaling.

According to Mr. Buterin, the deadline is not well-determined yet and may be changed due to the lack of PoS mining and working transition algorithm.

Expert said that in general, Ethereum will be developing up to 2020 and it is impossible to predict, how it will look in the end. Vitaliy Buterin looks forward to the participation of people, who will be able to address the challenges of p2p-network structure, decentralized hash tables and interoperability of distributed systems.

According to Buterin, his project team already has a solution for the limited number of transactions issue.

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