Content
@
0 reply
0 recast
0 reaction
Thuluong
@taubay
Ethereum 2.0: The Future of Blockchain Technology Ethereum 2.0, also known as “Eth2” or “Serenity,” is an upgrade to the Ethereum blockchain, focusing on scalability, security, and sustainability. One of the most anticipated changes is Ethereum's shift from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism. What is Proof of Stake? Proof of Stake (PoS) replaces the energy-intensive mining process of PoW with a system where validators are chosen based on the amount of cryptocurrency they hold and are willing to "stake." This shift is expected to reduce the energy consumption of the Ethereum network by over 99%. Sharding: Breaking Down the Blockchain Another key feature of Ethereum 2.0 is sharding, which involves breaking down the blockchain into smaller, more manageable parts. Sharding allows for parallel processing of transactions, increasing the network's capacity without sacrificing security.
0 reply
0 recast
1 reaction
