All You Need To Know About Ethereum 2.0.

in Project HOPE2 months ago

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Ethereum 2.0 by the end of the year 2020.

As announced by Vitalik Buterin and some major developers of Ethereum's network, the Eth 2.0 will probably be released by the end of the year 2020. Now, as early as this month we already felt the price impact as Ethereum climbs from one previous day high to another higher price level the next day. Most crypto enthusiasts feel the magnitude of the change the Ethereum network has to make.

This is an ambitious project that is a product of almost 5 years in research. More than 20, 000 validators and coders have already participated by dedicating their resources to help Beacon Chain Testnet. Never before a blockchain of the same size and value as Ethereum attempt to transition to an entirely new decentralized network while keeping all operations on the old network active and running.

What you need to know.

The said changes will not only provide better speed, efficiency, and scalability of the network but it will drastically change the economic features of the Ethereum network. Sharding will make it cheaper to send Ethereum tokens and to interact with smart contracts. And Staking will allow ETH holders with a minimum of 32 ETH to earn rewards in the form of annualized interest more of like a passive income.

CoinDesk has a more intensive discussion of the said topic in one of their published news article .

While Michael of Boxmining deep dives on the details with his long article on his blog . He even discussed and provided step by step guide how to set up an Ethereum Validator Node just in case you are interested to earn through Ethereum staking later.

Please visit the two articles if you want to know more about it. What I know and is important to me, Ethereum will be on a long term bullish trend. So if you are also into cryptocurrency trading, take advantage of this opportunity.

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It is an ambitious project that I will be a glorious success. Competitors want to steal market shares of Ethereum as we speak!

The market is too big, so I think Ethereum will still be fine on its own.
And besides, just with the sheer number of developers participating inside Ethereum network, that in itself is a strength that is hard to match.

Those developers are inspired by Vitalik Buterin, they want to be part of something bigger than themselves I believe.

The constant progress made by Ethereum pushes me to want to own something there but I really wish that some of the alt coins on Ethereum hits the market at a good rate I will be really excited.

Defi altcoins are skyrocketing...

Wow! Maybe this is why the market seems to be really favorable... The worth or price of etherium seems to be increasing very drastically which dictates a sense of good development and profits for investors.

Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead

Thank you and you have a great day too.

I guess you couldn't for example delegate your ETH to someone else and win rewards that way, could you?

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