Ethereum 2.0 the upgrade version

Ethereum 2.0 was expected to be developed within 16 months of the launch of the Ethereum network, which was in 2015. As time went on, it faltered a bit. More than 4 years later, it still hasn't appeared. However, after many false starts and delays, is Ethereum's upgrade finally moving closer to deployment?



On August 4, Ethereum Foundation 2.0 announced that Medalla, the final and official public testnet, had gone live. The launch of the 2.0 network is now tentatively slated for the end of the year. They say good things come to those who wait, but what is Ethereum 2.0 and why should you care? Let's take a look at the changes we can expect.

Ethereum 2.0 has been hailed as the most ambitious upgrade the cryptocurrency world has ever seen. A blockchain of Reuther's significant size and value has never attempted to transfer all users and assets to a completely new decentralized network, while keeping all the functionality of the old network active and running.

While, in the near future, few effects will be felt for Ethereum developers and DApps devs, the final phase of development for Ethereum 2.0 is centred around the creation of a separate proof-of-stake blockchain network called the beacon chain.
Ethereum as we know it will eventually be integrated into the Ethereum 2.0 upgrade in its entirety.