Ethereum 2.0 launches
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Ethereum 2.0 launches
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Re: Ethereum 2.0 launches
#2This is one of the biggest news for tech and finance in 2020.
Re: Ethereum 2.0 launches
#3Can someone ELI5 for current ETH holders? Will it split like Etherium Classic?
Re: Ethereum 2.0 launches
#4This is one of the biggest news for tech and finance in 2020.
It is big news but we will only see the full effect in 2022 or so.
Re: Ethereum 2.0 launches
#5Let the party begin.
Re: Ethereum 2.0 launches
#6Can anyone give a TLDR of what is significant about Ethereum 2.0 for those of us who don't follow this stuff much?
As blockchain tech goes, Ethereum always seemed the most interesting.
Re: Ethereum 2.0 launches
#7Can someone ELI5 for current ETH holders? Will it split like Etherium Classic?
No, it's not splitting.
Check out https://ethereum.org/en/eth2/
"What is Eth2?
Eth2 refers to a set of interconnected upgrades that will make Ethereum more scalable, more secure, and more sustainable. These upgrades are being built by multiple teams from across the Ethereum ecosystem."
Re: Ethereum 2.0 launches
#8Congrats to the dev team and ethereum community. This is a monumental step for the future of crypto.
Re: Ethereum 2.0 launches
#9Can anyone give a TLDR of what is significant about Ethereum 2.0 for those of us who don't follow this stuff much? As blockchain tech goes, Ethereum always seemed the most interesting.
Not tldr, but explanation https://m.youtube.com/watch?v=3x1b_S6Qp2Q
Re: Ethereum 2.0 launches
#10Can anyone give a TLDR of what is significant about Ethereum 2.0 for those of us who don't follow this stuff much? As blockchain tech goes, Ethereum always seemed the most interesting.
Beginning of switch from Proof of Work to Proof of Stake consensus, which will end the mining process for Ethereum and switch to securing the network by locking up funds, drastically reducing the amount of energy used to secure the network. As a side effect of the consensus change, the amount of transactions per second will scale massively. There is not universal agreement among blockchain enthusiasts that Proof of Stake is as secure as Proof of Work, but many currencies such as Cosmos and Polkadot have already implemented Proof of Stake without security issues.