Altcoins News
By James Thorp
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With terms like ETH1 and ETH2 beginning to outlive their usefulness, these terms are also beginning to be misleading.
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Danny Ryan believes that there is no need to fiddle with names. The important thing is to get used to the fundamental change in direction of the way things are progressing.
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Clarity in names, makes it very easy to understand the concepts and therefore it is important to understand the true purpose of ETH1 and ETH2.
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Vitalik first used the term “Ethereum 2” to denote the future step-changes way back in 2015.
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The latest upgrade is called Serenity, which is the upgrade to Proof of Stakes. It is important to note that Serenity is not Ethereum per se.
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However, the idea of what represents Ethereum 2.0 re-started in 2018. When clarity was sought as to what Eth 2 could mean, again the ideal reverted back to the purpose for which…
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“This Ethereum 2.0 roadmap came with neat consecutive phases: Phase 0 for Proof of Stake; Phase 1 for data shards; Phase 2 for executable shards; and, finally,…
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While Phase 0 is delivered, the rest of the plan has evolved. The latest Eth2 pages state: “Eth2 [now] refers to a set of interconnected upgrades that will make Ethereum…
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So, it meant to state they are upgrading the Ethereum chain in-place rather than doing the old rip-and-replace.
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Thus the term ETH 2 has been confusingly used for complete replacements of the process and to denote to upgrades at different points in time.
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