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.

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CA RIDDHI JAIN

CA RIDDHI JAIN

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Chartered Accountant in the Cryptocurrency space evolving with world, Financial Tax advisory, Content writer by choice, Fin-tech, Researcher, Learner!