The co-founder of the altcoin estimated the readiness of the blockchain at 50%. According to his forecast, in 2022 this figure will be increased to 80%.
Ethereum co-founder Vitalik Buterin said on the air of the Bankless podcast that the full implementation of the altcoin roadmap will take about six years. According to Buterin, .
This year, this figure is planned to be increased to 80%, the developer said. According to him, in 2022 major updates will be implemented called merger (the transition of altcoin to the Proof-of-Stake (PoS) consensus algorithm and shading (increasing the scalability of the blockchain).
At the moment, the Ethereum blockchain is working on the Proof-of-Work (PoW) consensus algorithm. The main difference between PoS and PoW is that miners who generate computing power are not needed to maintain the PoS network.
The health of the blockchain is ensured by the holders of digital coins and are rewarded for this. This process is called staking.
