How ETH 2.0 is Different from (and better than) ETH 1.0
In order to understand the transition that’s taking place on Ethereum, you need to know a little about blockchain technology – the foundation on which all cryptocurrencies are built.
A blockchain is essentially a digital ledger where all cryptocurrency transactions are stored and verified by a decentralized network of computers around the world.
And one of the main problems with Ethereum 1.0’s blockchain is its scalability.
ETH 1.0 uses something called “proof of work” to verify transactions and secure its blockchain, which can only process about 15 transactions per second.
If too many people are all trying to use the network at the same time – like in 2017, for example, when the price of Ethereum was skyrocketing – the system will slow down significantly and the fees will be so high that it doesn’t make sense to transact.
So, Ethereum’s founder – Vitalik Buterin – spearheaded the movement to change ETH 1.0’s blockchain to something called “proof of stake” in order to alleviate this problem while also increasing security in the long run.
The process officially started on Tuesday, Dec. 1. And the full migration is expected to take about two years.
Proponents of the planned ETH upgrade say that it could allow thousands more transactions to take place every second.
If successful, this could not only drive massive adoption for Ethereum, but hundreds or thousands of altcoins as well.
That’s because many altcoins built their digital assets using ETH1.
So, they could switch to proof of stake (ETH2) to potentially drive higher adoption and thus higher prices as well.
[BUY ALERT] Details on Four Altcoins With 10X Potential
Matt McCall and his new business partner have just found four altcoins that are poised for a major breakout.
They’re predicting these four altcoins will blow past the coveted 1,000% over the next 12 to 24 months.
And it’s all thanks to a massive technology upgrade called “The Awakening.”
Virtually every major corporation and government agency is investing billions to prepare for this Awakening.
I’m talking about Apple, Microsoft, Google, Amazon, Facebook, and the departments of Defense and Homeland Security, to name a few.
Matt and his partner have located four small altcoins that they predict will be the biggest winners from this technology upgrade.
And if you take a small stake right now, you may never have to worry about money again.
If you want to learn more about the Awakening and details on the four altcoins that could absolutely soar because of it…
Then watch this video.
P.S. If you watch the video all the way to the end, you’ll receive the name and ticker symbol to their favorite altcoin for free. Watch this recording while you still can.