In this video, we answer the question “What is EthereumEthereum2$ 3,250.840.15%-0.14%1.09%details?” and give a simple breakdown of the incoming Ethereum 2.0.
Ethereum is home to a decentralized ecosystem made up of , decentralized finance
However, Ethereum’s popularity has challenged the network’s capacity to serve its growing user base.
Can Ethereum 2.0 usher in a new era for the second largest cryptocurrency? Or will other scalable smart contract platforms like Tezos and Algorand take the lead?
0:00 Introduction: How Ethereum changed the use cases of the blockchain.
0:42 What is Ethereum: What Ethereum hopes to achieve and who created Ethereum.
1:27 Ethereum Mainnet Launch: Launched in 2015, Ethereum quickly moved up the ranks as the second crypto in terms of market capitalization.
2:11 Limitations of Ethereum: The Ethereum Network is prone to get congested resulting in high Ethereum transaction fees.
3:10 The Rise of DEFI: Decentralized Finance on the Ethereum Network has gained popularity as financial products are offered on the blockchain without the need of banks.
4:40 Ethereum 2.0: Hoping to solve the Ethereum scalability issues, Ethereum 2.0 will significantly change the way Ethereum will work.
5:47 Shard chains: These are individual blockchains that run parallel with the main Ethereum blockchain.
6:37 Ethereum 2.0 Launch: The new version of the Ethereum network will launch in 3 phases.
Information provided is for informational purposes only and should not be considered financial advice. Investing in crypto assets is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Past performance is not indicative of future results.
