Ethereum 2.0

Ethereum 2.0, also known as Ethereum Serenity, is an upgrade to the Ethereum network that aims to address its key issues of scalability, usability, and sustainability. It is not an alternate cryptocurrency but an attempt to improve the current blockchain.

The upgrade is expected to solve the problem of high gas fees, which make it difficult for average users to partake in Ethereum applications. Ethereum 2.0 also aims to improve the scalability of the network by increasing the number of transactions it can process per second and by using a more efficient consensus mechanism, proof-of-stake.

Finally, Ethereum 2.0 aims to make the network more sustainable by reducing its environmental impact. The release of Ethereum 2.0 in 2022 has Ethereum fans hopeful that it will succeed in alleviating all of Ethereum’s current woes and allow its extensive worldwide user base to continue operating smoothly.