About Ethereum 2.0 - 20.11.2020



Hi this is my next post.

Create COINBASE wallet with this link 

https://www.coinbase.com/join/kristi_g1

What is STAKING? Check this link:

https://academy.binance.com/en/articles/what-is-staking

Now about Ethereum 2.0

Eth2 is the next generation of Ethereum. It’s a multi-year plan to improve the scalability, security and programmability of Ethereum, without compromising on decentralization.In contrast to the Ethereum chain, as it currently stands, eth2 uses proof-of-stake (PoS) to secure its network.

And while Ethereum as you know and love it will continue to exist as its own independent proof-of-work chain for a little while to come, the transition towards PoS starts now.In order to make this transition possible, eth2 requires active participants – known as validators. Validators are responsible for securing the network and receive continuous payouts for actions that help the network reach consensus.This Launch Pad takes you through how to become one.

About 112 128 ETH are staked today.

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Rewards for staking.

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Timeline about ETH 2.0

 

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And about Phase 0 - 2

Transitioning from proof-of-work (PoW) to proof-of-stake (PoS), eth2 will be launched in at least 4 phases. The idea is to break up this transition into phases each focusing on a different aspect of eth2.

Phase 0 contains all of the machinery behind eth2's PoS consensus, it tracks the validators and their balances.

Phase 1 handles adding, storing, and retrieving the data associated with eth2's shards.

Phase 1.5 updates Ethereum as we know it today from PoW to PoS by making it a shard under eth2.

Phase 2 Phase 2 adds execution to the remaining eth2 shards which enables smart contracts to run on all of the shards.

Please check this link about ETH 2.0 :

https://launchpad.ethereum.org/

 

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Kimster
Kimster

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