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/biz/ - Business & Finance

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21714087 No.21714087 [Reply] [Original]

Can someone give me a quick rundown of what ETH 2.0 would entail?

>> No.21714613

Less fees, faster transaction times and most importantly, staking. IT will no longer be mined with graphics cards, but purely with other peoples coins.

>> No.21714929

>>21714087
Can someone please tell me WHEN? because I was told since 25th July that "it was right around the corner".

>> No.21715076
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21715076

>>21714929
>Can someone please tell me WHEN
It was 2017. Then 2018. Then January 2019 for sure. Then summer 2020 at the latest. Now...hopefully by end of year 2020.

>> No.21715178
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21715178

>>21714929
>>21715076
BTW
> POS Phase 1 - Just staking rewards in ETH 2 Beacon chain. Nothing else. So inflation in both ETH1 and ETH2 chains 2021
> POS Phase 2 - Just testing sharding 2022
> POS Phase 3 - Finally smart contracts on ETH2 2023