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What Is Ethereum 2.0 And Why Does It Matter?



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A long-awaited upgrade to the Ethereum (ETH) network called Ethereum 2.0 is expected to significantly enhance the functionality and user experience of the network as a whole. A switch to Proof of Stake (PoS), shard chains, and a new blockchain at the centre called the beacon chain are some of the more notable improvements. A properly thought-out roadmap is expected to be used to gradually implement all of this and more.

But that's only the very beginning. Given that Ethereum is one of the most widely used cryptocurrencies on the world, it's crucial to understand what Ethereum 2.0 is and how it will affect the cryptocurrency community as a whole.

00:00
00:21 Introduction
01:20 What Is Ethereum 2.0?
02:02 Differences Between
Ethereum and Ethereum 2.0
02:18 Proof of Stake
02:49 Sharding
03:26 The beacon chain
03:52 The Road to Ethereum 2.0
05:29 Closing thoughts

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Category
Cryptocurrencies
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