ETHERUM 2.0 EXPLAINED

WHY ETHEREUM 2.0?

Ethereum upgrade is a significant shift in the network’s consensus algorithm. It will move Ethereum from running on an energy-demanding proof-of-work algorithm and means switching to a proof-of-stake algorithm.

A Proof of Stake algorithm brings many benefits over a POW one, adjusting various aspects of a network like scalability, security, and accessibility.

Initially, Ethereum operated on a proof of work consensus algorithm, where validators had mining rigs to approve transactions and create new blocks. This demands a bulk load of electricity and is not eco-friendly.

But many of the issues that come with a PoW consensus algorithm are resolved by proof-of-stake. Proof of stake introduces a new model that removes the need for mining rigs and electricity consumption.

It also introduces a new consensus model that is inclusive, In that users can now approve transactions, by holding the required amount of ETH for validators and can also contribute to validation pools and earn rewards.

As additional users join the network and validate transactions, network accessibility improves scaling. A network’s security and decentralization are improved as a result of more people validating it.

EXCLUSIVE INTERVIEW WITH JOHN MARY

We held an exclusive interview with Mbam John Mary, Founder of Jomex and an experienced crypto investor, where he shed more light on what we should expect from the Ethereum merge, he exposed the advantages of the merge, and how we can all take advantage of ETH 2.0.

One of the major advantages he mentioned was the eco-friendliness of the eth pos model which will attract institutional investments and speed up adoption in the crypto ecosystem as a whole.

He also mention that the Ethereum blockchain operating on a POS model will process more transactions per second, and told viewers to watch out for the hard fork.

Listen to the full interview here>>>>  https://youtu.be/DWpc2aWGfHc