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Ethereum 2.0 Phase 2

Ethereum 2.0 Phase 2

Etherum Reddit

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It is my understanding that full switchover to proof-of-stake will happen once phase 2 launches. Is there a timeline for phase 2 launch on the mainnet? Per the Medella Launchpad:

"Validators will have to wait until phase 2 (around two years) to be able to withdraw to a specific shard."

Does this mean that even if mainnet Eth2.0 launches end of this year, we will still have to wait two years for lower transaction fees via phase 2 proof-of-stake?

submitted by /u/RedditIsMyJamOMG
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