Ethereum 2.0: Beacon Chain, Staking, & Sharding

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  • Crypto

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In this video we talk about Ethereum 2.0, the next and final upgrade to the Ethereum network. Ethereum 2.0, also known as ETH2 or Serenity, is the long-awaited, final upgrade to the Ethereum blockchain network. This upgrade will be rolled out in several phases over the next few years. And the initial phase, called Phase 0, begins sometime in late 2020 if everything stays on track. The overall goal of the ETH2 update is to increase the performance of the network. Currently, the Ethereum 1.0 network is not robust enough to handle the future demand for blockchain-based technology.