Guys are you excited for Ethereum 2.0? Here is the best news for all of us 😉! Ethereum Foundation has published a detailed specification of the most anticipated ETH 2.0 genesis phase(phase 0) on Wednesday.
Check the genesis phase contract address below.
Vitalik Buterin has made the transactions of a total of 3,200 ETH to the genesis phase contract address to initiate staking after a shift so we will be seeing ETH 2.0 on or around Dec 1, 2020. The Key features of ETH 2.0
Proof of stake (PoS
Shard chains
The beacon chain
So why ETH 2.0 is the most anticipated? Why ETH 2.0?
To reduce energy consumption.
To give freedom for everyone(having 32 ETH) to run their own validator nodes.
To overcome the limitation of the current Ethereum blockchain(Gas clogs, High TX fees, delay in dapps)