Will Ethereum, which is about to be 2.0, explode again like it did in 2017? | Odaily TV

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2019-12-18 11:32 (UTC+8)

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The Ethereum 2.0 upgrade may be difficult.

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The Ethereum 2.0 upgrade may be difficult.

Produced by Odaily

Editor | Hao Fangzhou

Produced by Odaily

Recently, Ethereum has undergone an Istanbul hard fork upgrade. Since it is more for developers, the market feedback is not strong.

The Beacon chain will be launched in the first quarter of next year, and currency holders can convert ETH into BETH for staking in order to obtain income. Only when the Beacon chain enters the third phase can Ethereum be called 2.0 in the true sense.

Highlights of this issue

Kangkang:

Kangkang:

What is the difference between Ethereum and Bitcoin? Bitcoin is positioned as a point-to-point electronic cash payment system, but it is not Turing-complete and cannot run complex codes. The account model is an unspent transaction output UTXO model. Ethereum is positioned as an open source, decentralized application development platform. It is Turing complete and can run complex codes, smart contracts, and account systems.

Kangkang:

Kangkang:

ETH 2.0 will switch from the PoW consensus mechanism to the PoS consensus mechanism, using state sharding for capacity expansion. In the first quarter of next year, the zeroth phase of Beacon will be launched. The Beacon chain will coexist with the original PoW main chain for a period of time. When the difficulty bomb of the PoW main chain is over and the block reward is zero, it will truly turn into PoS. The consensus mechanism, that is, the second stage of Beacon, includes account systems, shards, smart contracts, and virtual machines. At this stage, it is the real Ethereum 2.0 (more than a year).

Kangkang:

Kangkang:

After Beacon goes online, you can put Ethereum into the designated account for staking. The minimum requirement is 32 ETH. After staking becomes BETH, it is one-way, and (before ETH is actually converted into 2.0) cannot be converted into ETH again, so To consider the time to hold Ethereum, whether it is long-term or short-term, the corresponding income is 2%-6%, which is not much different from Maker, Compound, Binance’s wealth management products, and Gate’s loans.

Kangkang:

Kangkang: