Ethereum Live: ETH News Today & Ethereum 2.0 Price Prediction
🔴ETH: 0xc51d701B7E392d32a11f7b86b3fC144Fb12aBC55
Ethereum 2.0 is meant to help Ethereum scale, and it has two major goals:
Introduce a proof-of-stake consensus mechanism, which will eliminate the need for expensive proof-of-work mining.
Introduce sharding, which will improve the speed and throughput of ETH transactions.
Rather than trying to build these upgrades directly onto the main net, Ethereum 2.0 will build out a new, separate platform from the main chain that will eventually replace it in the future.
Currently on the Ethereum network, each full node validates every transaction. If you upload a smart contract to Ethereum, that means that it has to execute across every node on the network, limiting transaction speeds and throughput, while increasing the size of nodes to over 2 TB in size
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