Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Rain075 on January 11, 2021, 04:40:28 PM
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The Ethereum Network recently saw the official launch of the Beacon Chain, which is a stepping stone to the long-awaited Ethereum 2.0 upgrade, aiming to improve network speed, efficiency, and scalability. It’s a move by the Ethereum foundation to abandon the Proof of Work (PoW) consensus algorithm for the energy-efficient Proof of Stake (PoS) consensus algorithm. On top of that, we have to change terminology from having miners to having validators.
more info (https://cryptopotato.com/ethereum-2-0-staking-on-exchange-vs-creating-your-node-what-you-need-to-know/)
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Right now people are very shaken by high fees and such situation has a very negative impact on the whole scene so i am sure that there are a lot of people with similar mindset waiting for ETH 2.0 to be live and kicking .... any idea as to when can it be expected