Vitalik Buterin, the founder of Ethereum, announced the launch of Ethereum 2.0’s Phase 0, which marks the transition from Ethereum 1.0 to Ethereum 2.0. There are four transformation phases to Ethereum 2.0, and Ethereum-powered blockchain apps have already begun to upgrade to Ethereum 2.0. The first phase, which starts on December 1st, requires 16,384 validators for Eth 2.0 to launch. During Phase 0, validators will earn about 21.6% annual interest. However, it’s worth noting that the interest rate will decrease as more interest is generated, and there is no way to withdraw your deposit during Phase 0. The actual start date is a bit fluid and will depend on the speed at which validators deposit.
Phase 1, planned for 2021, includes establishing other Ethereum Networks called shards, while proof of work mining will continue for some time in the background. Phase 1.5 will eventually merge Ethereum 1.0 with Ethereum 2.0, allowing for interoperability between the different protocols, and at this point is very likely when early investors will finally be able to withdraw their deposits with interest. Finally, Phase 2 will transform Ethereum’s consensus mechanism from a proof of stake system into a web assembly-based one. Despite potential delays, since the confirmation of Eth 2.0, the price of the cryptocurrency has been on a steady rise.
Source : Hasheur | Date : 2020-11-05 18:43:35 | Durée : 00:22:27