RATE Group | Ethereum [ETH] Co-Founder outlines the developments in Ethereum 2.0
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Ethereum [ETH] Co-Founder outlines the developments in Ethereum 2.0

09 Oct Ethereum [ETH] Co-Founder outlines the developments in Ethereum 2.0

Posted at 05:36h in Ethereum News by

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Recently, Vitalik Buterin, the Co-Founder of Ethereum spoke about Ethereum 2.0 and the importance it holds for the Ethereum blockchain and the timeline of its release, during the Ethereum San Francisco event.

Buterin stated that Ethereum 2.0 is a “catch-all term” that includes a combination of different concepts. He went on to say that those concepts were a part of a path that will “seriously and fundamentally” revamp the entire Ethereum blockchain. The Etherum community has been working on the Etherum 2.0 project for a few years now.

The team is focused on concepts like Proof of Stake [PoS] protocol called Casper and sharding, he added. In addition, the next generation Ethereum will have miscellaneous improvements like abstraction, improved protocol economics. Buterin also stated that he recently authored a paper on the concept of protocol economics.

Buterin further stated:

“Ethereum 2.0, is basically the kind of new version of Ethereum that will take…

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