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Ethereum (ETH) 2.0 Chastised by Blockchain Lawyer: Here's Why

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Tue, 01/07/2020 - 14:30
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Vladislav Sopov
In 2020, Ethereum's devs should brace themselves for the squalls of the criticism regardless of whether Ethereum (ETH) 2.0 will be delievered. The first shot is fired!
Ethereum (ETH) 2.0 Chastised by Blockchain Lawyer: Here's Why
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Mr. Preston Byrne, an attorney in the U.S.-based Byrne & Storm, P.C. law firm, which is focused on legal expertise for hi-tech projects, venomously criticized the long-anticipated migration of Ethereum (ETH) mainnet towards ETH2.

Ethereum 2.0: Who Is Making The Decision?

Mr. Byrne challenged the hypothetical point of transition between Ethereum (ETH) 1.0 and Ethereum (ETH) 2.0. Two problems are decisive for him: the nature of this transition and its initiator.

If the decision on this transfer is taken by the issuer (Ethereum Foundation), the whole system turns into a clearly centralized one. This, in turn, runs counter the motto of Ethereum (ETH), which is a pioneer of decentralized applications hosting. 

Such contradiction leaves Mr. Byrne confused:

One rule for Ethereum, another rule for everyone else.

ETH1 vs ETH2: Unfair Play

Also, Mr. Byrne expressed concerns about the ideological aspect of the long-anticipated transition. He says, this process means that Ethereum (ETH) is 'relegated down' by some new system, which is much faster, cheaper and safer.

The consequences of this rivalry can be really unfortunate for blockchain number two:

Eth may one day be an esoteric blockchain creature that only old millennial weirdos use, when millennials are in the position that boomers are now. Like Linux or Firefox.

It should be noted that neither the exact date of the transition of Ethereum (ETH), nor its framework has not yet been disclosed. But typically this is 2020, which is considered the turning point for ETH2.

Related
Ethereum May Migrate to Ethereum 2.0 Through “Friendly Validators”, According to Vitalik Buterin

So, when this annoying Ethereum 2.0 will be shipped? Share your predictions with us!

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)