DeFi users shouldn’t wait idly for Eth2 to hit its stride
Many people are anxiously observing the launch of 2.0 because the media has touted it as a “game-changer” for the cryptocurrency industry. Yet the masses seem to forget there are viable alternatives in existence already.
In recent days, there has been ample excitement surrounding Ethereum 2.0. The beacon chain deposit contract successfully achieved enough deposits to launch Eth2 Phase 0 in December 2020. That is only the first stage, however, and full functionality isn’t expected to go live within the next two years — or perhaps even longer. Therefore, it will take a while before anyone can see if Ethereum 2.0 can ever do what it claims.
Sarah Austin is head of content for Kava Labs, a DeFi-for-crypto startup company based in Silicon Valley. Sarah is the host of the web show Decentralized Finance. She is an entrepreneur, author and TV personality who has formerly worked with Forbes, MTV and Bravo and was marketing manager for Oracle (NYSE:), SAP and HP (NYSE:).
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