Ethereum 2.0 to boost DeFi but delayed launch may set the network back
This deposit contract is the first step that would eventually lead to the launch of Ethereum 2.0. If to consider that the launch will go down successfully, Ethereum will ship the Beacon Chain and introduce proof-of-stake to the ecosystem, which is currently based on the proof-of-work, another consensus algorithm that is based on mining. Shard chains would be the next upgrade to follow Beacon Chain.
Learn more about the news here. (https://cointelegraph.com/news/ethereum-2-0-to-boost-defi-but-delayed-launch-may-set-the-network-back)