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What is the timeline for Ethereum's proof-of-work mechanism to be replaced?

avatarTushar BhambereDec 26, 2021 · 3 years ago1 answers

Can you provide a detailed timeline for the replacement of Ethereum's proof-of-work mechanism?

What is the timeline for Ethereum's proof-of-work mechanism to be replaced?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    As an expert in the field, I can tell you that the timeline for Ethereum's proof-of-work mechanism to be replaced is not set in stone. However, Ethereum 2.0, which will introduce a proof-of-stake consensus mechanism, is expected to be implemented in multiple phases. The first phase, called Phase 0, is scheduled to launch in 2020. This phase will introduce the Beacon Chain, which will serve as the foundation for Ethereum's transition to proof-of-stake. Subsequent phases will gradually replace the proof-of-work mechanism with proof-of-stake. While the exact timeline for the complete replacement is uncertain, the Ethereum community is actively working towards this goal.