When it comes to Ethereum upgrade, one of the significant upgrades implemented is known as Ethereum 2.0 or Eth2. Ethereum 2.0 aims to move the Ethereum network from its current Proof-of-Work (PoW) consensus mechanism to a more scalable and green Proof-of-Stake (PoS) mechanism. The upgrade from Ethereum to Ethereum 2.0 is happening in several phases, with the initial phase launching the Beacon Chain, a PoS-based consensus mechanism that acts as the backbone of the new Ethereum network. The next phases will introduce shard chains and gradually migrate the existing Ethereum network to Ethereum 2.0. #ContentStar
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Still about ETH upgrade:
When it comes to Ethereum upgrade, one of the significant upgrades implemented is known as Ethereum 2.0 or Eth2. Ethereum 2.0 aims to move the Ethereum network from its current Proof-of-Work (PoW) consensus mechanism to a more scalable and green Proof-of-Stake (PoS) mechanism. The upgrade from Ethereum to Ethereum 2.0 is happening in several phases, with the initial phase launching the Beacon Chain, a PoS-based consensus mechanism that acts as the backbone of the new Ethereum network. The next phases will introduce shard chains and gradually migrate the existing Ethereum network to Ethereum 2.0.
#ContentStar