The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long and highlighted that it wasn’t technical problems but “related to people.”
Buterin: ‘If You Build a Team, It Is Important to Know Who You Are Working With
Vitalik Buterin has discussed the anticipated Ethereum 2.0 transition during the Startmeup HK 2021 Festival in Hong Kong this past week. The Ethereum cofounder detailed that he understood the changes were taking a long time and said that it was mostly people deterring the improvements.
“One of the biggest problems I’ve found with our project is not the technical problems, it’s problems related with people,” Buterin said during his interview with Forkast news. “Ethereum is now in a better economic position, but it took us five years to get to where