ETH 2.0, complete with sharding and scaling, is seen as a solution to Ethereum’s current problems with network overload. But skeptics see the upcoming project as confusing and potentially harmful to the ecosystem of startups.
ETH 2.0 in Constant Flux
ETH 2.0 is still following fads, and there is no way to analyze what is coming up, commented James Prestwich, founder of Summa. In a thread, he exposed the challenges to upgrading Ethereum with multiple live projects and high uncertainty.
This tweet is not about shard block invalidation and reorganization
It’s about how we cannot analyze ETH2 as a system because its proposed behavior is constantly in flux
ETH2 adapts to the latest fashions faster than we can understand its properties https://t.co/KdcXVzNCgz
— James Prestwich (@_prestwich) November 4, 2019
Based on Vitalik Buterin’s predictions, the arrival of ETH 2.0 will not be felt by end-users. However, shards and finality may bring a new layer of complexity for developers, as well as delays in verifying transactions and states.
The uncertainty around Ethereum also appears to be making startups give up on the network, with signs of slowing development activity.
More and more projects are ditching Ethereum every day it seems. There are no pros to building on it now or in the next 2-3 years due to the uncertainty around 2.0’s viability. Why spend resources building on ETH when its devs can and will pull the rug out from under you?
— grubles (@notgrubles) November 5, 2019
Bloomberg reported earlier this year that Ethereum’s market share of DApp users had significantly dropped from 100% in 2018, to just 28% in 2019.