Etherum just celebrated five years of creation by Vitalik Buterin, the famous blockchain programmer. Vitalik first heard of Bitcoin back in 2011 when a guy paid him 5 BTC’s to write an article about blockchain. That time BTC’s price was $0.80.
Now ETH second-biggest cryptocurrency after BTC and it’s bringing new features on new version 2.0.
The biggest update will be the SCALABILITY of Etherum.
Right now, Etherum approximately is doing 15 transactions/second, which is not a good fit for all transactions. New updates that are coming in 2.0 will scale the operation per second, and this will be done in three ways.
- SHARDING – where a block is shredded in smaller pieces of blocks
- PLASMA – Use of side chains and other chains to help the scalability
- CASPER – Proof of Stake – Improvement of Etherum protocol
The update also gives the opportunity of passive income as Etherum is Upgrading from
PROOF OF WORK ( SAME AS BTC MINERS )
PROOF OF STAKE ( INSTEAD OF MINING YOU STAKE and be a Validator and for that, you get the reward )