5 days before Ethereum 2.0. Discussing the project
One of the most ambitious and anticipated projects in recent years is Ethereum 2.0. The second version of the digital protocol has been in development for years, but it is closer to launch today than ever before. There are exactly 5 days left before the official launch of the cryptocurrency. The event is scheduled for December 1, and therefore we have time to recall the currently known information, discuss the project and highlight its prospects. So let’s get started.
The current state of the project
To launch the platform, there must be a certain amount of funds on its account. At the moment, the contract is obliged to have an amount of more than 524 thousand assets. Half a million coins should coexist with 16 thousand validators who are eagerly awaiting the launch of the platform. This is the minimum required to start productive work of the second version of the coin. But now the enterprise has about 586 thousand coins, as well as 18333 validators. The zero stage will be launched within 7 days, the whole world and the entire cryptoindustry awaits this event.
Users from all over the world carefully count the frequent before the launch of the second version of the coin. Cryptocurrency account holders are looking forward to digital silver updates that will bring a lot to the cryptocurrency system. At the moment, according to the developers’ statements, all the products that were supposed to appear in Ethereum have been fully implemented. Let’s remember what exactly Vitalik Buterin and his team promised.
What to expect from the new version of ETH 2.0
Ethereum 2.0 will rethink the very concept of a cryptocurrency and bring a lot of new things into its work. Among the fundamental advantages of the project are solutions such as:
- Using the Proof-of-Stake algorithm. You no longer have to spend money on expensive equipment and maintaining the operability of devices. It is enough to purchase a certain amount of cryptocurrency once, on the basis of which the system will award a reward for the extraction of new blocks. There are practically no expenses, the 51% attack becomes much more complicated, and the functionality of the system grows several times;
- Implementation of staking. This is a truly revolutionary solution. Now you do not need to constantly monitor the value of the cryptocurrency, worrying about changes in the value or the complication of the mining system. It’s much easier. Users will be able to receive passive income in the form of interest from their own digital savings. This is a great solution that will allow even beginners to productively earn considerable sums in the industry;
It is obvious that the use of promising tools will have a positive impact on the project. This is a really significant update, a transition to a new stage of development, as well as a guarantee of growth in value. Recall that in anticipation of the transition to the next stage of the project, the internal ETH token is steadily becoming more expensive. Note also that the developers will not stop supporting classic Ethereum after the release of the new one.
Hence, older users will be able to appreciate the merits of the price increase against the backdrop of the 2.0 launch. The main thing at this anxious moment is to follow the news of the cryptoindustry. Learn about all the current events in the world of Blockchain and technology with us. We publish only high-quality and interesting material. Thanks for attention. We wish you good luck and pleasant expectations for the new ETH!