In Devcon4, Vitalik Buterin called Ethereum 2.0 or Serenity a more decentralized world computer
(Shasper is a synthesis between sharding and Casper.)
In a keynote presentation, Buterin explained that Serenity is the accomplishment of what they have been working on for four years. The Serenity platform envelopes Ethereum’s core team projects such as Casper, Virtual Machine Improvements (eWASM), sharding, improvements to cross-contract logic and to protocol economics. All these converge in a unified whole under Serenity.
Buterin informed the Devcon4 audience that the release for Serenity is ‘really not so far away’.
Developers need to continuously steady out and review the development of the protocol through further testing. Security audits will also be made before it can be ready for unveiling.
Serenity is a pure PoS consensus. Speed is one of the protocol’s main attributes: offering faster synchronous confirmation time, having a fast VM execution through eWASM, and a 1000x scalability increasing tps to 14,000.
Future Developments for Ethereum 2.0
Ethereum developers will continue to upgrade and develop Serenity beyond its release. Some of the expected developments will include adding a layer 2 execution engine, a stronger foundation for cross-shard transactions, and an upgrade to STARKs.
Serenity Implementation Phases
Phase 0: Beacon chain PoS is the phase between testnet and mainnet transition.
Phase 1: Sharding.
Phase 2: Enablement of state transitions and switching to eWASM.
Phase 3 and what’s up ahead: More improvement and development for the technology.
Reactions from the Community
I'm bullish on Vitalik's next project.— Kevin Pham (@_Kevin_Pham) November 2, 2018
Will probably be an Ethereum killer.
Are you ready for Ethereum 2.0 'Serenity'? Vitalik outlines the roadmap to scale ETH 1000x at #Devcon4— Justin Wu @ Malta Summit (@hackapreneur) November 2, 2018
Will this be the big catalyst to move us forward for dapps, utility tokens and beyond?
Proof of Stake
How close do you think 'soon' is?#ethereum pic.twitter.com/Q02FVi0zTf
From the Devcon 4 $ETH Serenity (stage 4) is very near. Soon there should be a becon POS chain where Ethereum slowly & fully transitions in full Proof of Stake.— Token State (Tokenize the World) (@tokenstate) November 1, 2018
Bullish AF on $ETH. I am expecting $ETH to surpass $BTC in 2020, possibly late 2019 🚀
There will be 156K full node
It's much catchier than Eth 2.0 or serenity. Serenity is a mouthful and doesn't convey anything by itself.— Lane Rettig (@lrettig) November 1, 2018
Finrazor is closely watching the development...