What is Ehthereum?
Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It's a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.
-by Ethereum.org
As we know ethereum is 2nd most known crypto in the world just being behind of bitcoin.
Ethereum started to have some problems by is high demand.This problems are clogged network, disk space and the energy spent to mine and make the transactions.
With this problems in hand they thought to make a big change.
What is Ethereum 2.0?
The Ethereum we know and love, just more scalable, more secure, and more sustainable...
-by Ethereum.org
The vision of the developers of the ethereum is to make a faster, cheaper, more secure and a more sustainable network.
Ethereum 2.0 are estimated to be all set by 2022 when all the upgrades were done.
Which upgrades will be in Eth2?
Beacon chain
We already got introduced to beacon chain in 2020.
The Beacon Chain will conduct or coordinate the expanded network of shards and stakers. But it won't be like the Ethereum mainnet of today. It can't handle accounts or smart contracts.
-by Ethereum.org
The main features of the beacon chain are:
- The introduction of the stake;
-
Setting up for shard chains;
Shard Chains
In this year 2021 we are going to be introduced to shard chains
Sharding is the process of splitting a database horizontally to spread the load – it’s a common concept in computer science. In an Ethereum context, sharding will reduce network congestion and increase transactions per second by creating new chains, known as “shards”.
This is important for reasons other than scalability.
-by Ethereum.org
Main features of the shard chains:
- Everyone can run a node;
- More network participation;
The Docking
The docking will be introduced in between 2021 and 2022.
It's important to remember that initially, the other Eth2 upgrades are being shipped separately from mainnet - the chain we use today. Ethereum mainnet will continue to be secured by proof-of-work, even while the Beacon Chain and its shard chains run in parallel using proof of stake. The docking is when these two systems are merged together.
-by Ethereum.org
The docking will be when the PoW and the PoS will unite in one.
