29.1 C
August 15, 2022
Image default

Is Ethereum 2.0 really the next big thing in the crypto ecosystem?

Ethereum 2.0 to be launched in 2020

Ethereum, the world’s second largest cryptocurrency, has seen significant growth over the years, in terms of currency updates and overall performance. In fact, the Ethereum Alliance in 2017 also promised to boost the use of Ethereum blockchain technology as an open standard to empower all companies. Three years ago, but did the Alliance live up to its hype? Joseph Lubin, the founder of ConsenSys, believes so.

At the recent Ethereal Summit, Lubin was of the opinion that the Alliance had an impact on the ecosystem, fulfilling all the hype and demands. He stated:

“It is difficult to see that from the outside. But inside, there are an incredible amount of high-value activities. The Alliance’s main mission was to find the specifications, what to build around them. This has been valuable in making ETH so accessible. “

At the moment, the ETH2 update is the center of attraction. The ETH community and the entire ecosystem await this update. But, is ETH2 really the next big wave in the ETH ecosystem?

From what it looks like, ETH2 looks like the next big thing that can happen to the ecosystem. The move from PoW to PoS is a very necessary step, considering the fact that ETH prioritizes safety and reduces energy waste [mineração]. Most importantly, this update is a benefit not only for users, but also for developers, according to Lubin. He added:

“For developers, it will look like an operating system upgrade and is an organic transition to more features. We will solve problems and create new resources. “

Decentralized finance [DeFi] it is another large sector that is growing by leaps and bounds at the moment. Based on Ethereum, the fact that the DeFi market recovered strongly after the market collapsed in March proves that it is a promising sector. With that, DeFi has begun to stop being a niche market and is moving into the mainstream of finance. Making additional comments on this rapid growth, Lubin noted:

“All of this will lead to much more granular governance in the world and we will be able to create our own token for different projects. I think it will be an empowering future, where people and small organizations will have a more economical agenda. “

Source: AMB Crypto

Related posts

Ethereum hits new historic high above $ 2,150

Anupreet Kaur

Ethereum resumes $ 140 with rise in the crypto market

Anupreet Kaur

XRP could rise to $ 0.25 and generate 40 to 50% gains in the medium term

Anupreet Kaur

Leave a Comment