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Ethereum (ETH) 2.0 Chastised by Blockchain Lawyer: Here's Why
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 Ethereum 2 is a separate chain, what's the point of porting balances across from Ethereum 1?
— Preston Byrne (@prestonjbyrne) January 6, 2020
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.
Vladislav SopovSo, when this annoying Ethereum 2.0 will be shipped? Share your predictions with us!
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