Ethereum is a decentralized open source blockchain featuring smart contract functionality. Ether is the native cryptocurrency token of the Ethereum platform. It is the second-largest cryptocurrency by market capitalization, behind Bitcoin. Ethereum is the most actively used blockchain in the interconnected. Source: Wikipedia.org
Ethereum 2.0 (Eth2.)? refers to a group of interconnected improvements which will make Ethereum more scalable,secure, and more sustainable. These improvements are being built by multiple squads from across the Ethereum ecosystem.
How will Ethereum 2.0 better than Ethereum 1.0?
One of the most reasons for the improvement to Ethereum 2.0 is scalability. With Ethereum 1.0, the network can only support around 30+ transactions per-second, this causes hesitations and congestion. Ethereum 2.0 promises up to 100,000+ transactions per-second. This improvement is going to be achieved through the execution of shard chains.
Ethereum must be better for the environment. The technology today requires an unreasonable amount of computing power and energy.
Ethereum must be safer and secure. because the adoption of Ethereum grows, the protocol must become safer & secure against all sorts of attacks(hacks).
Ethereum must support 1000s of transactions per second, to form applications quickly and cheaper to use.
To bring Ethereum into the mainstream and serve all of mankind, we've to form Ethereum more scalable, secure, and sustainable.
If you are a Dapp user or Ethereum holder, you do not get to do worry. If you are a developer or want to start out staking, there are ways you'll become involved today. Ethereum 2.0( Eth2.), also referred to as Eth2 or “Serenity”, is an improvement to the Ethereum blockchain. The improvement intends to reinforce the speed, efficiency, and scalability of the Ethereum network so that it can process more transactions and ease blockages.
Ethereum 2.0 is launching in several phases, with the primary improvement expected to launch towards the top of 2020/2021.
While Ethereum 1.0 uses an alliance mechanism referred to as proof work (PoW), Ethereum 2.0 will use a symbol of stake (PoS) mechanism.
How does proof of stake vary from proof of work?
With blockchains like Ethereum, there's a requirement to verify transactions in a decentralized manners. Ethereum, like other cryptocurrencies, currently uses an alliance mechanism referred to as proof of labor (PoL).
Be in a 2nd world revolution of cryptocurrency.
Check more about Ethereum 💰👇👇👇
I will also try to invest in crypto currency too