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27
Nov, 2020

Ethereum 2.0 is Ready to Launch

Phase 0 for Ethereum 2.0 will start at December 1st as the largest portion of needed ethers have been deposited in the smart contract that will bring the pass from the “old” Ethereum to the “new” one. The required amount for Ethereum 2.0 is 524,288 tokens while at this moment, there are almost 500,000.

 

Ethereum 2.0 is expected to upgrade Ethereum’s functionality and the end user experience. The most important factor that will change in Ethereum will transformed in a PoS (Proof-of-Stake) cryptocurrency, which will allow its users to claim a part of their portfolio to fund other projects while it will change the way that transactions are confirmed in the blockchain.

 

The pass on Ethereum 2.0 will be deployed in 3 phases (Phase 0, Phase 1 / 1.5 and Phase 2) and it is going to complete in 2021. The new era for Ethereum is expected to bring new standards in the market and its development.