ETH2.0 is the most unmissable outlet in the future digital currency industry
It is reported that the four major outlets that should not be missed in the second half of the year are ETH2.0, Polkadot, Filecoin, and DeFi. If I were to pick a top priority, then I would choose ETH2.0, which may not change for at least the next 2 years.
Ethereum 2.0 is currently developing the Phase 0 Beacon Chain. The Beacon Chain is currently only on the test network. Judging from the current progress, the test network is progressing smoothly, so it is not surprising that the main network of the Beacon Chain may be launched by the end of this year.
Once the main network of the beacon chain is launched, the mining mode of some miners will become POS, and participating in POS mining requires nodes to mortgage Ether, so the opportunity of Ethereum 2.0 mortgage may come this year.
The release of Ethereum 2.0 means that the consensus mechanism of Proof of Work (POW) will be replaced by Proof of Stake (POS). The degree of centralization is higher, but the credit foundation is not yet solid. After converting to a proof-of-stake mechanism, the Ethereum network will be able to process more transactions.
Although in the recent "Hello, ETH 2.0" AMA, ETH2.0 bounced again, but this does not prevent ETH2.0 from continuing to heat up as an outlet.
In 2020, although Ethereum is still running on more than a dozen TPS, it does not prevent it from temporarily KO all the "Ethereum killers".
performance. Loopring with Zk-Rollup has already made a TPS2000+ DEX, and in addition to Zk-Rollup, we also have Optimistic Rollup, state channels, side chains... and other acceleration methods, which will be implemented one after another this year. Before the sharding of ETH2.0 came out, a few thousand TPS was enough. After two years, the sharding of Ethereum 2.0 took shape, 64X2000 (2.0 startup is 64 shards, each shard 2000TPS), up to ten Tens of thousands of TPS...
Cross-chain aspect. I really don't know what is worth crossing on other public chains. At present, the most worthy crossing has always been BTC.
Now the semi-centralized ones include WBTC, SBTC, and IMBTC, and the decentralized ones include TBTC and RENBTC. These can introduce BTC into ETH, especially in the DeFi ecosystem. Currently, the total number of BTCs circulating on Ethereum exceeds 5,500. More than 50 million US dollars, and the growth momentum is getting stronger and stronger.
The most worth mentioning of ETH2.0 is Staking - pledge, because in the case of strong fundamentals of ETH and DeFi, the circle has been optimistic about the growth of ETH in the next 2 years, so through staking, you can enjoy the dividend of currency price growth, Wouldn't it be great to get the interest of being a "miner" again?
However, things are not that simple.
32 ETH is not a decimal number. If you have pledged for at least 1-2 years, you will not be able to operate the band. If you have no choice but to cut your meat, can you bear it? However, if everyone thinks so, the pledged There are few people (500,000 ETH needed to start), and the annual rate of 25% per year is too tempting, and you can't help but want to rush in. But if there are too many people rushing in (10 million ETH), the annual rate will be reduced to about 5%. This game and the final choice of the number of pledges are very interesting.
Many people do not have enough 32 ETH, or do not know how to operate, but want to pledge, what should they do? Now it is clear that some institutions, trading platforms or blockchain asset management projects will provide safe and reliable Eth2.0 pledge services, To solve the worries of users. Some asset management projects also took advantage of this hot wave of 2.0 Staking to soar in price.
What if you want to enjoy the dividends of pledge without completely losing liquidity? It is estimated that in the next few months, you will see options ETH2.0 tokens launched by trading platforms or pledge service providers, which can be traded on the floor Provide some liquidity.
So you see, just one stage 0, there are many topics, stories and hot spots that can be talked about, so in the second half of 2020, Ethereum is an important outlet that you can't miss.
When each key node of Ethereum 2.0 is about to be completed, if it goes well, the entire digital currency will usher in a small climax, but it is only a small climax. And when Ethereum 2.0 is officially launched, we will usher in the next halving of Bitcoin. At that time, the market effect formed by these two events will not be inferior to the market conditions of the great bull market in 2017. let us wait and see!
