The CEO of crypto analytics firm Messari is predicting that the Proof of Stake (PoS) transition for Ethereum will be later than what the current time table for the currency is indicating.
While Ethereum devs in February announced the intention to transition away from a Proof of Work (PoW) blockchain to Proof of Stake within the next eighteen months, occuring before the end of 2020, Messari’s CEO Ryan Selkis thinks ETH users will have to wait another calendar year.
Selkis made his prediction during a panel hosted by ConsenSys’ Ethereal Summit on May 10. The panel, which was titled “The Smart Contract War is Coming”–in reference the growing competition between Ethereum and other network-based cryptocurrencies–Selkis explained that Ethereum is likely to face major risks in transitioning away from PoW to a PoS algorithm. While Selkis does not believe the task to be insurmountable, he does find the original eighteenth-month time table to be unrealistic, giving his…
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