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29 October 2020

Ethereum 2.0's 'Lock Up' Will Drive DeFi Innovation - CoinDesk

Ethereum 2.0's 'Lock Up' Will Drive DeFi Innovation - CoinDesk


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The current timeline for the lockup is 18 months, but given how long it has taken for this first phase of Ethereum 2.0 to start, it could well take much longer.

Anytime I warn of the end of the dollar’s reign, I inevitably attract naysayers who point out there is no likely successor and, by extension, argue the current system will keep muddling along, regardless of whether the rest of the world trusts America or not.

That might be true, but it assumes the only way forward is for the current monolithic system to be replaced by another monolithic system, as happened when the dollar replaced the British pound as the world’s reserve currency. .

Even so, the huge “airdrop” of China’s new digital currency into Shenzhen, reported here by CoinDesk’s Sebastian Sinclair, is a major development.

China’s Digital Currency Electronic Payments (DCEP) is live.

Much will be learned from this – though it’s not clear how much of that information will be shared with the outside world. .

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