Ethereum 2.0 started working
Today is a historic day. This is not just the beginning of a new month, this is the day when a fundamentally new, breakthrough platform Ethereum 2.0 saw the light of day. The project began its successful operation, which was accompanied by many positive nuances. That is why now we will look at everything related to the second version of digital silver. Further – only useful and relevant information. So read it carefully. So let’s get started.
What is known at the moment
Generation of the genesis block took place. It is an essential element of the new Blockchain that determines the functioning of all cryptocurrencies. It is on the success of the launch of the genesis block that the error-free functioning of the coin in the future directly depends. In the case of Ethereum 2.0, everything went smoothly. This is due to the expert and attentive approach of the developers who have been developing the second version of the protocol for many years. At the moment, calm mining of the coin has begun. Users start mining new blocks, no problem. Note that the first block mined was accompanied by a comment from an unknown miner who wrote “Mr F was here”. The community notes that this is a reference to the previously left autograph of Vitalik Buterin, who signed for one of the clients of the first version of the cryptocurrency.
How do developers react?
By the way, about the creator of the coin. Buterin congratulated his own audience on such a significant event. I thanked the loyal fans of the coin for the anticipation and trust shown. Buterin also noted that at the moment more than 21 thousand validators are successfully functioning in the system. It is noteworthy that the number of active users is growing steadily. Everything is clear with mining. How does the value of a new asset behave? Initially, the price tag grew steadily, but at the moment the cost has slightly decreased. Actually, this is an absolutely natural and typical order of things. Users actively mine, sell and buy coins. The volatility of the coin is actively growing, which indicates the interest of the owners of the cryptocurrency.
It is planned to increase the capacity of the system in the future. At the moment, the limit is 14 transactions per second. However, in the future, the developers intend to practically remove the limit at all. The maximum number of transfers will be 100 thousand transactions. Thus, the project will be able to approach the previously declared status and functionality of the “world” computer. But, of course, it is a matter of time. The system has to pass many tests, both theoretically and practically.
What’s in store for Ethereum 2.0
It is obvious that the coin has a great future and phenomenal success. We have no doubt that the project representatives will do everything that is required of them so that the second version of Ethereum does not disappoint all those who were waiting for the launch of the cryptocurrency. The Proof-of-Stake algorithm lives up to expectations, providing maximum protection against the widespread 51% attack. Let us remind you that earlier large projects were subjected to these attacks.
But Ethereum 2.0 is not in danger. Safety combined with speed of work is multiplied by the possibility of earning passive income. Thus, the cryptocurrency becomes more accessible to beginners without a detailed understanding of the technical aspects of the Blockchain. This is why we are confident that Ethereum 2.0 is literally doomed to success. The main thing is to follow the news of the cryptoindustry in order to stay updated on new developments.
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