Ethereum upgrades: A beginner’s guide to ETH 2.0 - Deepstash

Bite-sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

created 7 ideas

COINTELEGRAPH

Ethereum upgrades: A beginner’s guide to ETH 2.0

Ethereum upgrades: A beginner’s guide to ETH 2.0

cointelegraph.com

STASHED IN:

85 reads

Ethereum 2.0 marks a significant shift in the network’s consensus algorithm. Instead of Ethereum running an energy-intensive proof-of-work algorithm, the Eth2 upgrade means switching to a proof-of-stake algorithm.

A PoS algorithm brings many benefits over a PoW one, adjusting various aspec...

Transitioning to Ethereum 2.0

Ethereum’s transition into 2.0 is broken down into various stages.

Phase 0 of the Ethereum 2.0 upgrade introduces what’s called the Beacon Chain. Launched on December 1, 2020, the Beacon Chain marks the shift to PoS, enabling users to stake (lock away) their Ethereum and become validators. That said, Phase 0 does not affect the main Ethereum blockchain, the Beac...

With Ethereum 2.0, validators and other users can run their own shards, validating transactions and keeping the mainchain from seeing too much congestion. A proof-of-stake consensus method is required for shard networks to enter the Ethereum ecosystem safely. Staking will be introduced on the Bea...

Phase 2

Finally, Phase 2 will see the introduction of Ethereum WebAssembly or eWASM.

The eWASM compiles code much faster than the EVM, speeding up processes within the network. Gas works more efficiently via the eWASM, and the eWASM is compatible with various traditional coding languages like C and...

Basic transactions on Ethereum aren’t the only factors affected by the network’s lack of scalability. Ethereum’s problems affect nonfungible tokens (NFTs) and aspe...

React

Comment

MORE LIKE THIS

created 2 ideas

the article also has good details on how EIPs work on ethereum.

1

Comment

10 reads

created 7 ideas

React

Comment

179 reads

It's time to

READ

LIKE

A PRO!

Jump-start your

reading habits

, gather your

knowledge

,

remember what you read

and stay ahead of the crowd!

Takes just 5 minutes a day.


TRY THE DEEPSTASH APP

+2M Installs

4.7 App Score