Ethereum 2.0: the evolution that will send it into orbit
Ethereum is still a powerhouse, but it has lost its luster as it was used by more and more systems: ERC20 tokens that run on its blockchain, smart contracts, DeFi, NFTs, etc. . The result is clearly seen when making a simple transaction: several minutes of waiting and crazy fees. It must be said that ETH has the same flaw as Bitcoin: this blockchain works on proof of work: minors must mathematically validate transactions with computers. Many other ambitious projects have emerged in recent years with a clear goal: to replace Ethereum with “proof of stake” or “proof of authority” systems, more ecological and designed to process hundreds of transactions per second: Polkadot , Cardano, Solana, Elrond, Avalanche, etc.
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A difficult change, but revolutionary!
The “Etherum-killer” are experiencing strong growth, but ETH has been around for a long time and it has a considerable lead. The game is therefore far from being lost for Ethereum, especially since its designer Vitalik Buterin has from the start planned a mutation towards an Ethereum 2.0 which will work on the proof of stake with a transition period which could see the two systems. cohabit. Proof of stake does not require a calculation to validate the blocks, but validators which involve ETH. Once the transition is complete, gas fees should become much more predictable with shorter processing time. The problem is that this moult is slow in coming. Everyone’s talking about it since 2017, but it’s not easy to make such a big change on a blockchain that runs day and night. It’s like changing the carburetor of a moving car!
Read also: Guide: Where and how to buy Bitcoins and cryptocurrencies in 2021?
Once again, we are talking about 2022 as the year of Ethereum 2.0. If this transition called “The Merge” works and goes without problem, Ethereum could become the world’s first cryptocurrency, ahead of Bitcoin. It must be said that ETH is on the heels of BTC since in January 2020 it took 53 ETH to buy 1 BTC. Currently, only 11 are needed …
Buy the dip!
Yesterday, the markets broke completely. A bad new ? Not at all. Now is the time to buy before the next bullrun! To acquire cryptocurrency simply on a French platform, we advise you Coinhouse. All you need to do is provide an identity card to register and validation is done in a few minutes. On Coinhouse, you can buy more than 30 cryptoassets, from the most classic (BTC, ETH, etc.) to the most recent: DOT, AVAX, MATIC, SOL, LUNA, VET, etc. Coinhouse specializes in cryptos, but if you are also interested in the stock market eToro also offers actions and trading tools that are fairly easy to set up.
