If you ever see the term “Eth 2.0” or “Ethereum 2.0” used instead of just “Eth2”, then you know the information is either six months or so out of date, or the person speaking isn’t up to speed with the latest Ethereum development roadmap.
The next milestones for Eth2 (the beacon chain), are The Merge and Data Sharding.
Computational sharding as described in this video is no longer being considered a priority, but Vitalik wrote a good post earlier today to bring this discussion back to the forefront and to dispel some myths.
Another clarification for anyone new to this space:
Eth2 is basically a marketing term for a collection of different upgrades. There's no one upgrade that will "enable" Eth2, it's just a series of changes that will significantly improve the protocol.
Way over my head. Sounds cool as hell though.
My gut reaction to the title was "it won't," "it can't," and finally "that makes no fucking sense"
Then I realized I misread scaling as "scalping", and I think I've been hunting for GPUs for too long. Time to take a break.
Eth 2 will definitely help with GPU scalping! GPU mining will be far less profitable once eth2 rolls out.
This can't happen soon enough... gwei was averaging 700 yesterday for an hour or two...
Can't wait for eth 2.0 in 2024
But when???? But when???? We know eth2 will be a blast. But when?
btw, PoS doesn't lower fees! Fees with PoS will be the same!
Awesome. Can't wait to see it.
Dumb question, but if Layer 2 allows for “gasless” transactions and Eth2 also increases the speed/efficiency of transactions, will this drive down the demand (and therefore price/value of ETH)? If not, why?
> if Layer 2 allows for “gasless” transactions
Layer 2 doesn't allow for gasless transactions, it just allows for cheaper transactions.
L2s still need to pay gas fees to post their data to L1, so there will still be plenty of fees being paid.
And also, ETH's price isn't just dependent on ETH for paying fees. There's ~$20 billion of ETH locked in DeFi protocols, and ~$7 billion already staked as Eth2 validators.
honestly, i would start with 69 chains
I am a bot lol.
Sounds like Polkadot, with 100 parachains?
Can we implement a minimum finality number of say... 10k validators? So to, you know, force some leech clone chains to actually do some work instead of running everything on 20 nodes, calling it cheap and stealing our lunch.
Let Harmony ONE scale it for you ETH 😄
Why not use a layer 2 solution like CELR? Polkadot did it and they credit CELR for the speed and low gas fee transactions they have. ETH could do the same and maintain/increase its market value while at the same time correcting its gas/transaction time issues.
Sure gimme 5 minutes and it's all fixed np
I think of sharding as an issue one can have in their pants.
No one is surprised
lol... 5 years later and still no ethereum 2.0
You all are like the gme and amc folks who haven't realized their money was stolen on January 28, 2021.
There will **not** be an eth 2.0
You think Vitalik and the devs will just pack it up and go home? Come on man. It may not come on time, or as planned... but it will all come to fruition eventually. Will it remain competitive with ETH alternatives? That remains to be seen.
Next-generation platform for decentralised applications.