Sunday, February 5

Ethereum Foundation Removes Eth2 Name In Rebranding By Cointelegraph


©Reuters. The Ethereum Foundation removes the Eth2 name in its rebranding

The Foundation has removed all references to “Eth1” and “Eth2” in favor of calling the original blockchain the “execution layer” and the upgraded proof-of-stake (PoS) chain the “consensus layer.”

Ethereum’s long-awaited transition from a proof-of-work mining model to a PoS consensus mechanism is expected to go live in the second or third quarter of this year.

  • Altair upgrade of Eth2 goes smoothly, with 98.7% of nodes now up to date

In announcing the change, the foundation cited a number of reasons, including a “wrong mental model for new users,” scam prevention, inclusivity, and staking clarity.

Read the full article on Cointelegraph

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