• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
What is Ethereum 2.0

What is Ethereum 2.0

user avatar

by Alexandra Smirnova

2 years ago


Ethereum 2.0 (also known as Eth2 or Serenity) is a major upgrade to the Ethereum blockchain that aims to improve its scalability, security, and sustainability. Ethereum is currently using a proof-of-work consensus mechanism, which requires miners to solve complex mathematical puzzles in order to validate transactions and add new blocks to the blockchain. However, this process is computationally intensive and consumes a lot of energy, which can lead to high fees and slow transaction times.

Ethereum 2.0 will introduce a new consensus mechanism called proof-of-stake, which replaces miners with validators who are selected to validate transactions based on the amount of ether they hold and stake. This reduces the computational resources required to validate transactions and also makes it more energy-efficient, reducing the environmental impact of Ethereum.

In addition to the shift to proof-of-stake, Ethereum 2.0 will also introduce other features such as sharding, which will divide the blockchain into smaller parts called shards to increase its capacity and scalability, and eWASM, a new virtual machine that will improve the efficiency and speed of smart contracts.

Overall, Ethereum 2.0 is a significant upgrade that will make the Ethereum blockchain more efficient, sustainable, and capable of handling a larger volume of transactions and smart contracts.

Ethereum 2.0 is a broad term used to cover several improvements to the Ethereum network, including the switch from proof-of-work to proof-of-stake consensus mechanism. On the other hand, sharding is a scaling solution that will expand Ethereum's capacity to store data and increase the blockchain's computational capacity. Sharding will work in harmony with layer 2 solutions to scale throughput and reduce network fees. While Ethereum 2.0 is expected to launch in September 2022, sharding is expected to come to the Ethereum network in 2023. The Ethereum Merge, which will merge the mainnet with Ethereum 2.0's Beacon Chain, enabling full staking, is a prerequisite for sharding.

According to the provided search results, the Ethereum Merge, which will merge the mainnet with Ethereum 2.0's Beacon Chain, enabling full staking, is scheduled to happen between September 10-20, 2022. After the Ethereum Merge, Ethereum sharding is expected to launch in 2023, increasing the blockchain capacity. However, there is no firm date planned yet for the launch of sharding. It is important to note that the Ethereum Foundation no longer refers to this upgrade as "Eth2" or "Ethereum 2.0".

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other articles

Hyperliquid (HLP): A Complete Guide to Technology, HLP Vaults, and Token Utility

chest

Explore Hyperliquid — a next-generation decentralized exchange built on a proprietary Layer‑1 blockchain with an on-chain order book, HLP vaults, HYPE token utility, and multi-billion daily trading volume.

user avatarAlexandra Smirnova

Sudoku Puzzle Bot is the perfect companion for training your mind

chest

Sudoku is a popular number puzzle where you need to fill a 9×9 grid with numbers without repetition. The Sudoku Puzzle Bot Telegram bot makes the game more convenient with different difficulty levels and the ability to play whenever you want.

user avatarMax Nevskyi

Distinct Possibility Studios (DPS) is a creative studio that creates unique game projects

chest

Distinct Possibility Studios (DPS) is a dynamic studio that creates innovative games with original mechanics. Since 2020, it has been releasing high-quality indie projects that combine creativity and style.

user avatarMax Nevskyi

Decentralized Technologies of the Future: An Overview of The Open Platform

chest

In the era of decentralization, The Open Platform (TOP) stands out as a promising solution in the TON ecosystem, offering developers fast and cheap transactions with convenient tools for creating dApps.

user avatarMax Nevskyi

In-Depth Review of Makina Finance — A DeFi Platform for AI Funds and Pro Traders

chest

A detailed overview of Makina Finance — a non-custodial DeFi engine for AI-powered funds and traders, offering tokenized vaults, yield strategies, and risk controls.

user avatarElena Ryabokon

In-Depth Review of Blackhole DEX: Advanced Liquidity Platform on Avalanche

chest

Comprehensive review of Blackhole — a DEX on Avalanche with veNFT tokenomics, modular AMMs, governance voting, Genesis Pools, and support for Web3 and GameFi startups.

user avatarElena Ryabokon
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.