What are the differences between ETH and ETH2?

3 answers

• Dec 29, 2021 · 3 years ago
  Sure! Ethereum (ETH) is the original version of the Ethereum blockchain, while Ethereum 2.0 (ETH2) is an upgrade aimed at improving scalability and security. ETH2 introduces a new consensus mechanism called Proof of Stake (PoS), which replaces the current Proof of Work (PoW) used by ETH. This change allows for faster transaction processing and reduces the energy consumption associated with mining. Additionally, ETH2 will implement shard chains, which will increase the network's capacity to process transactions in parallel. Overall, ETH2 is expected to provide a more efficient and scalable platform for decentralized applications (dApps) and smart contracts.
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• Dec 29, 2021 · 3 years ago
  The main difference between ETH and ETH2 lies in their consensus mechanisms. While ETH relies on miners to validate transactions and secure the network, ETH2 will transition to a Proof of Stake (PoS) consensus. In PoS, validators are chosen to create new blocks based on the number of coins they hold and are willing to 'stake' as collateral. This change is expected to make the network more secure and energy-efficient. Additionally, ETH2 will introduce shard chains, which will allow the network to process multiple transactions simultaneously, further improving scalability.
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• Dec 29, 2021 · 3 years ago
  From what I've heard, ETH2 is going to be a game-changer for Ethereum. With the introduction of Proof of Stake (PoS) and shard chains, the network will become faster, more secure, and able to handle a significantly higher number of transactions. This upgrade will make Ethereum a more attractive platform for developers and users alike. I'm really excited to see how it will unfold!
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