The Evolution of Ethereum: Understanding ETH 2.0

November 11, 2024 ⚊ 1 Min read ⚊ Views 19 ⚊ BLOG

Ethereum 2.0 (ETH 2.0), also known as Serenity, represents a major upgrade to Ethereum\’s blockchain, transitioning from a Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS). This shift aims to enhance scalability, security, and energy efficiency. PoS reduces the need for energy-intensive mining, allowing users to \”stake\” their ETH to validate transactions and earn rewards, rather than relying on computational power. This change is expected to significantly reduce Ethereum’s environmental footprint.

Read details: https://w3daily.com/category/news/altcoin/ethereum/

Tags: Cryptocurrencies, ETH, ETHEREUM

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