- One of the most interesting and highly anticipated topics in the Ethereum community currently is the upcoming Ethereum 2.0 upgrade, also known as ETH2 or Serenity.
Obviously, I'm a fan of Ethereum and what it brings to blockchain ecosystem.
So what is ETH2 or Serenity?
Ethereum 2.0, also known as Serenity, is an upcoming upgrade to the Ethereum blockchain that will introduce several important changes to improve the network's functionality and sustainability.
- Energy-efficient: Currently, Ethereum uses a lot of energy to secure the network and process transactions. Ethereum 2.0 will use a new consensus mechanism called proof-of-stake, which is much more energy-efficient and will reduce the network's carbon footprint.
- Faster and cheaper: Ethereum 2.0 will introduce several improvements that will make transactions faster and cheaper. This means that you'll be able to send and receive cryptocurrency more quickly and without having to pay high fees.
- More secure: Ethereum 2.0 will introduce several new security features to protect the network from attacks and make it more resilient. This means that your cryptocurrency will be safer and less likely to be stolen or hacked.
- More scalable: Ethereum 2.0 will introduce shard chains, which will allow the network to process more transactions at once. This means that the network will be able to handle more users and more activity without slowing down or becoming congested.[/li]
With all being said, I wonder what other people think of this upcoming upgrade? For those non-ETH believer, will this lead you to change your mind and start using ETH?