Do you still remember the launch of the Beacon Chain on December 1, 2020? The Beacon Chain is one of the three crucial elements of Ethereum 2.0. The other two are PoS (Proof of Stake) and Sharding. These updates will take place in four phases, including Phase 0, Phase 1, Phase 1.5 and Phase 2. While the launch of the Beacon Chain marked the start of Phase 0, Phase 1 will arrive in 2021 according to estimates. You probably want to understand what these updates and new phases mean for investors. Speaking in a simpler way, it is the steps in the development of Ethereum 2.0 that aims to make the Ethereum network more decentralized, secure and agile. The arrival of each phase means that we are closer to an Ethereum network moving towards perfection. Therefore, when Phase 1 of Ethereum 2.0 arrives this year, it is reasonable to expect the appreciation of ETH. 2020 was a big year for DeFi. This year DeFi assets remain popular with investors. The TVL (Total Value Locked) in the DeFi protocols based on the Ethereum network has increased dramatically, and so has the number of users. At the moment, DeFi assets are still at an early stage. When they become more mature, the importance of Ethereum will stand out even more with the price of the ETH token increasing.
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Eduardotadeurj
Eduardotadeurj
3 years ago