Ethereum 2.0 explained! It's Not As Great As You Think

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Ethereum 2.0 Explained! Ethereum 2.0 will mostly operate as a test network for the new proof of stake consensus system. Most of the economic activity and smart contracts will remain on the original Ethereum network, which will continue to exist as a parallel system to Ethereum 2.0. There will be a one way peg, where Eth1 can be transferred into Eth2, but the reverse will not be possible. Given the decision to scale via sharding, we believe Ethereum has little choice other than to attempt this incredibly complex multi year transition to a new network..Ethereum is planning a hard-fork in the near future to switch from PoW to a PoS system, most likely using a protocol called Casper.
Ethereum Casper Protocol.The Casper protocol has been created to help Ethereum make the move from a Proof-of-Work (PoW) model to a Proof-of-Stake (PoS) model while minimizing the risks associated with such a development.

Read Article : https://blog.bitmex.com/ethereum-2-0/


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