Everything You Need to Know About Ethereum 2.0 1

Ethereum 2.0 is coming. 

The yearslong upgrade – intended to radically transform the world’s largest smart-contract platform – is inching closer to deployment. The Ethereum Foundation recently announced “Medalla,” a final testnet before the mainnet launch of the Eth 2.0 beacon chain.

As of July 10, some developers, including Ethereum founder Vitalik Buterin, estimate the oft-delayed Eth 2.0 will launch by the end of this year. 

To mark the fifth anniversary of the network’s launch, CoinDesk is producing Ethereum at Five – a cross-platform series featuring special coverage, a limited-run newsletter and live-streamed discussions on Twitter. New issues and sessions launch daily from July 27-31. The pop-up experience precedes another event in September focused on Eth 2.0.

Coinbase 3

When phase zero of Eth 2.0 does ship, little about Ethereum will change in the near term for users and dapp developers. This is because unlike all other system-wide upgrades in Ethereum history, the Eth 2.0 overhaul will primarily be happening on a different blockchain. 

The first phase of development for Eth 2.0 is centered around the creation of a separate proof-of-stake blockchain network called the beacon chain. On this new network, ETH holders with a minimum of 32 ETH can earn rewards in the form of annualized interest on their wealth. To earn these rewards, ETH holders must have the appropriate hardware and software connecting to the beacon chain and a strong understanding of how the technology works. 

Ethereum as we know it today will eventually be folded into the Eth 2.0 upgrade in its entirety. The report features commentary from Ethereum developers about what benefits – but also risks – this may bring. 

The report also discusses the potential market impact of Eth 2.0, including the ramifications of the new system’s economic design on coin supply, velocity and value.

The culmination of over five years of research and development, Ethereum 2.0 is a highly ambitious upgrade.

Never before has the cryptocurrency industry seen a blockchain of the same size and value as Ethereum attempt to transition all users, as well as assets, to an entirely new decentralized network while keeping all operations on the old network active and running. 

It will likely take many years for the Ethereum 2.0 upgrade – in all its complexity – to be complete. However, developer commentary featured in this report suggests the biggest hurdle (and perhaps most important milestone) in the Ethereum 2.0 roadmap is its initial launch.

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Everything You Need to Know About Ethereum 2.0 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

Leave a Reply

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 34,811.00
ethereum
Ethereum (ETH) $ 2,001.12
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 312.49
cardano
Cardano (ADA) $ 1.36
dogecoin
Dogecoin (DOGE) $ 0.262622
xrp
XRP (XRP) $ 0.678410
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 16.26
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 34,811.00
ethereumEthereum (ETH)
$ 2,001.12
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 487.02
litecoinLitecoin (LTC)
$ 134.48
bitcoinBitcoin (BTC)
29.195,12
ethereumEthereum (ETH)
1.678,29
tetherTether (USDT)
0,838675
bitcoin-cashBitcoin Cash (BCH)
408,45
litecoinLitecoin (LTC)
112,79
bitcoinBitcoin (BTC)
24,992.38
ethereumEthereum (ETH)
1,436.69
tetherTether (USDT)
0.717945
bitcoin-cashBitcoin Cash (BCH)
349.65
litecoinLitecoin (LTC)
96.55

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020
Mining City insists that it is legit
Mining City Refutes Claims By Philippines SEC Of Being A Scam
September 23, 2020

Blockchain/Cryptocurrency Questions and Answers

What Is Plethori Platform And How Does It Work?
June 12, 2021
What Is The Fudge Token?
What Is The Fudge Token?
June 5, 2021
What Is Shiba Inu (SHIB) Cryptocurrency And How Does It Work?
What Is Shiba Inu (SHIB) Cryptocurrency And How Does It Work?
May 31, 2021
What Is PancakeSwap And How Does It Work?
What Is PancakeSwap And How Does It Work?
May 27, 2021
How Has Internet Computer (ICP) Become A Top-10 Crypto?
How did “Internet Computer Coin”(ICP) Become A Top-5 Crypto?
May 19, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin34,663 0.71 % 3.41 % 9.55 %
Ethereum1,991.9 0.73 % 1.93 % 15.81 %
Tether1.000 0.01 % 0.24 % 0.32 %
Binance Coin309.83 0.86 % 6.75 % 10.57 %
Cardano1.350 0.99 % 10.13 % 8.49 %
Dogecoin0.2640 3.58 % 12.21 % 14.07 %
XRP0.6779 0.02 % 6.41 % 18.90 %
USD Coin0.9988 0.26 % 0.83 % 0.18 %
Polkadot16.22 0.93 % 3.49 % 28.95 %
Binance USD0.9995 0.16 % 0.42 % 0.02 %

bitcoin
Bitcoin (BTC) $ 34,811.00
ethereum
Ethereum (ETH) $ 2,001.12
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 312.49
cardano
Cardano (ADA) $ 1.36
dogecoin
Dogecoin (DOGE) $ 0.262622
xrp
XRP (XRP) $ 0.678410
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 16.26
binance-usd
Binance USD (BUSD) $ 1.00