RATE Group | Ahead of Ethereum 2.0 Launch, 3 Key Metrics Point to ETH Price Surge
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Ahead of Ethereum 2.0 Launch, 3 Key Metrics Point to ETH Price Surge

25 May Ahead of Ethereum 2.0 Launch, 3 Key Metrics Point to ETH Price Surge

Posted at 23:18h in Cryptocurrency News by

The Ethereum developer community is nearing the launch of Ethereum 2.0, a major multiyear milestone for the blockchain network. Ethereum 2.0 will mark the start of a shift from the miner-reliant proof-of-work consensus algorithm to a proof-of-stake algorithm. In a PoS system, miners are not needed to mine blocks and verify transactions. Instead, users — or stakers — verify data on the blockchain.

For now, there is no specific date at hand for the release of Ethereum 2.0, according to its testnet coordinator, Afri Schoedon. “The final spec is not implemented in any client and we didn’t launch a coordinated testnet yet,” Schoedon said.

Ethereum co-creator Vitalik Buterin also clarified that Ethereum 2.0 is on track, but if the client developers expect it to be done by the third quarter of 2020, then that is likely to be the case. However, three key metrics show that investors and users are highly anticipating the integration of Ethereum 2.0 within the year’s end. The…

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