Tag: ETH2

Ethereum 2.0 (ETH2) marks a significant shift in the network’s consensus algorithm. Instead of Ethereum running an energy-intensive proof-of-work algorithm, the Eth2 upgrade (now referred to as consensus layer upgrade) means switching to a proof-of-stake algorithm.

A PoS algorithm brings many benefits over a PoW one, adjusting various aspects of a network like scalability, security and accessibility.