ETHEREUM 2.0-Explained in an easy way, Beginner’s guide

  • Scalability issues started to emerge.
  • As the number of transactions increased on the Ethereum network, so did the cost of performing these transactions (which are paid in Gas).
  • The scalability issue. These improvements will create a contrast to the existing version of Ethereum, all of which will be rolled out through a carefully planned roadmap.
  • The use of the Proof of Stake (PoS)
  • Consensus mechanism
  • Shard chains
  • The beacon chain.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store