It is still not clear exactly when Ethereum 2.0 will go live, although it is generally expected to be completed by 2021. Buterin has previously publicized a feature-complete pre-release of Ethereum 2.0, meaning that the upgrade is gradually getting closer. But strictly speaking, there is no need for Ethereum to rush development on version 2.0.
That said, a longer wait naturally means that Ethereum competitors will emerge. Schoedon is not the only one working on a competitor: Ethereum co-creator Vlad Zamfir has also revealed that he is building a rival blockchain with CasperLabs. Growing competition means that Ethereum 2.0 may eventually receive less fanfare than it might otherwise enjoy.
However, when it does arrive, Ethereum 2.0 will offer improved scalability via sharding and Plasma, as well as proof-of-stake consensus via Casper. Although recent updates like Constantinople have introduced minor new features, Ethereum 2.0 will be much more efficient and powerful than it is now—taking the platform beyond the limits of its current incarnation.
source: https://unhashed.com/cryptocurrency-news/vitalik-buterin-says-ethereum-2-0-is-right-on-schedule/
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