According to Andrew Keys, one of the founders of ConsenSys, Serenity by Ethereum is expected to launch at the end of 2020. Keys talked about his excitement for the new venture considering how the development of Serenity is going.
A post was released on the ConsenSys website on January 7 of this year, where Keys discussed his crypto market predictions for the new year. Originally, Andrew Keys was a co-founder of the ConsenSys firm, however, since then he has earned a position for himself as a partner at DARMA Capital. Keys discussed a number of his predictions about numerous topics varying from the global financial system to issues of human rights and a couple of his predictions were notably positive.
This year, Ethereum is going to move from phase 0 to phase 1 of Ethereum 2.0 as the shard chain launch. Also as the development of Serenity proceeds, Andrew Keys predicted that the second layer solution is going to take the Ethereum network to another level.
The last stage of Ethereum 1.0 was the latest Istanbul hard fork as well as numerous recent modifications. The biggest improvements of the Ethereum Network involved EIP-152, ZCash and, at the same time, adjustments have been made for projects like Aztec and ZEther.
Aztec was specifically made to create private transactions for the Ethereum network by using a technology named SNARK. This technology was also used for the private transactions of ZCash. At the same time, Matter Labs is trying to use the new technology to make the system more scalable. The next steps towards Ethereum 2.0 after the Istanbul hard fork is still unclear. Based on the ConsenSys roadmap released in 2019, Serenity was supposed to be launched in 2019. After the launch of Serenity, Ethereum will switch to the Proof-of-Stake system.