Ethereum 2.0 Is More Like A Regular Hard Fork. Why?
Ethereum 2.0 is a real “Holy Grail” for all fans of the project. The PoS should solve the problems of Ethereum scalability. At least, Vitalik Buterin thinks so. But the main strategist of Blockstream calls the update in its own way. Samson Mou said that new model for the functioning of cryptocurrency is almost no different from hard forks.
Yesterday Ethereum devs published the date of launch of Ethereum 2.0. The event will release on January 3. Note that Satoshi Nakamoto mined the genesis block of Bitcoin on January 3, 2009, exactly 11 years ago from the appointed date.
Cryptocurrency Ethereum is trading at $ 269. Over the rate of the week, Ether has grown by as much as ten percent. By the way, now it occupies more than 10 percent of the total market capitalization.
What Is Vitalik Planning?
In one of the recent releases of the Magical Crypto Friends show from the Whale Panda, a well-known cryptanalyst spoke more about his vision of the situation. So, according to Mou, Buterin’s team simply “throws Ethereum 1 for Ethereum 2”. When switching to a new blockchain, they will have to “start all over again” and “fight off potential bugs”.
Mou drew attention to the Beacon. According to CSO Blocksream, this startup is very similar to the “main Bitcoin blockchain.” Recall Beacon is coordinating other Ethereum blockchains.
The analyst also compares Etherem shards to Bitcoin sidechains. In other words, Ether hardly has a future. By the way, something like Mou said earlier.
While no one has yet switched to 2.0, you have the opportunity to extract a sufficient number of ETH coins and at the same time compare the profitability of your farm with the best video cards for mining in 2019.