Ethereum’s visionary co-founder Vitalik Buterin has commented on the obstacles on the roadmap to Eth2 at a conference in Hong Kong.
Speaking partly in Mandarin at the Virtual Fintech Forum at this week’s StartmeupHK Festival 2021, Buterin said that technology wasn’t the major issue with the world’s largest smart contract network.
He admitted that building Ethereum has taken a lot more time than he had anticipated with early Eth1 blockchain build estimates of around three months turning into eighteen months in reality. The upgraded version is taking substantially longer.
“We thought it would take one year to do the Proof of Stake, but it actually takes six years. If you are doing a complex thing that you think will take a while, it’s actually very likely to take a lot more time,”
Buterin added that there had been a number of internal team conflicts in the five years it has taken Ethereum to get to where it is today. “One of the biggest