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GameTime 04 Dec 2021
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The Ethereum Merge is the Beginning of the End for Decentralized Finance
22 Aug 2022
The Ethereum Merge is the Beginning of the End for Decentralized Finance
Seket Aanru · 9,992 Views

Ethereum 2.0 Upgrades Explained - Sharding, Beacon Chain, Proof of Stake (Animated)

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Ethereum 2.0 has some major updates coming and we are here to explain them to you in an easy-to-understand way.

Sharding: Eth 2.0 is adding 63 shard chains to help scale the network so it can process more transactions and data at a faster speed, which means lower fees!

Beacon Chain: The beacon chain is the heart of the upgrade, it is a mega chain controlling all the shards, as well as doing some other important things

Proof of Stake: This is the way we will decide who gets to add the next block to the chain - instead of working really hard, we are going to pick people who lock up their Eth and randomly select them so it's more fair and eco-friendly

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Up next

The Ethereum Merge is the Beginning of the End for Decentralized Finance
22 Aug 2022
The Ethereum Merge is the Beginning of the End for Decentralized Finance
Seket Aanru · 9,992 Views