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

1 answers

• Dideriksen RamosNov 23, 2022 · 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.
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