Ethereum 2.0: The New Development That May Rule The Crypto Market

Andrey Sergeenkov
Andrey Sergeenkov

Ever since the cryptocurrency markets came into consideration, Bitcoin has remained at the top of the market capitalization charts. While it does carry a few technological setbacks, no other currency has yet managed to reach its level. But the times may change now with Ethereum 2.0 coming into existence.

Ethereum has always been seen as a strong competitor for Bitcoin. Still, it failed to beat Bitcoin due to its own technological limitations. With Ethereum 2.0, everyone expects the currency to overcome all the hindrances and rule the crypto markets.

The very first advancements that will be seen in Ethereum 2.0 is that it won’t include the traditional inefficient Proof-of-work setup. Instead, it will use a new Proof-of-stake technology, which will choose nodes through an algorithm that gives preference to higher amount currency holders. Therefore, the overall complexity of the system will get reduced.

Ethereum 2.0 will become further effective with the incorporation of Sharding. Under this, the data verification will get divided amongst different nodes so that more data can get verified in the given time.
All in all, Ethereum 2.0 will probably overcome all setbacks of conventional currencies and make its own place in the market. Plus, with the inclusion of Ethereum 2.0’s tokens on Coinbase, the currency will rule the market in no time.