What is Ethereum 2.0? Upgrades Easily Explained With Animations
What is Ethereum 2.0? What was the ETH network upgrade all about?
Numerous DeFi developers have chosen Ethereum as the construction zone for their ambitious work. And, despite being an undisputed leader in terms of popularity, the minds behind Ethereum’s project decided that Ethereum should become faster, safer, and more efficient. On September 15, 2022, Ethereum underwent The Merge event, thus adding yet another chapter to the crypto history books.
In this video, we’ll explain what were the main reasons behind Ethereum’s upgrade, what were the main changes, and what the future of this blockchain network looks like.
Have you interacted with Ethereum before The Merge took place, or only after it? Do you think the transition from PoW to PoS was a game changer for the entire industry, or will the PoW remain as popular as before?
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Video Time Table:
0:00 Introduction to What is Ethereum 2.0?
1:13 Ethereum 1.0 Explained
3:18 Consensus Mechanisms (PoW & PoS)
5:22 The Merge and Beyond
7:50 The Effect of the Merge
10:02 Wrap-up: What is Ethereum 2.0?
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