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.

  1.  SHARDING – where a block is shredded in smaller pieces of blocks
  2. PLASMA – Use of side chains and other chains to help the scalability
  3. 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 )

TO

PROOF OF STAKE ( INSTEAD OF MINING YOU STAKE and be a Validator and for that, you get the reward )

 

 

 

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