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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.