Eth2 is no more after Ethereum Foundation ditches name in rebrand

The Ethereum Foundation has removed each references to Eth1 and Eth2 successful favour of calling the archetypal blockchain the “execution layer” and the upgraded Proof of Stake concatenation the “consensus layer.”

Ethereum’s long-awaited transition from a Proof-of-work mining exemplary to a Proof-of-Stake (PoS) statement mechanics is expected to spell unrecorded astir successful the 2nd oregon 3rd 4th of this year.

Announcing the alteration the instauration cited a fig of rationales including a “broken intelligence exemplary for caller users,” scam prevention, inclusivity and staking clarity.

In a Jan.24 blog post, the Ethereum Foundation noted that the branding of Eth2 failed to concisely seizure what was happening to the web via its bid of upgrades:

“One large occupation with the Eth2 branding is that it creates a breached intelligence exemplary for caller users of Ethereum. They intuitively deliberation that Eth1 comes archetypal and Eth2 comes after. Or that Eth1 ceases to beryllium erstwhile Eth2 exists.”

“Neither of these is true. By removing Eth2 terminology, we prevention each aboriginal users from navigating this confusing intelligence model,” the blog station added.

Under the caller terminology, the operation of the execution furniture (Eth1) and the statement furniture (Eth2) volition beryllium labeled arsenic Ethereum, portion idiosyncratic features specified arsenic the beacon chain, merge and shared chains are present referred to arsenic “upgrades.”

Eth2 rebrand: The Ethereum Foundation

The instauration besides stated that its re-branding of Eth2 would assistance “bring clarity to eliminate” scams successful which malicious actors dupe victims — unaware that their Ether (ETH) volition automatically power to Eth2 pursuing the merge — into swapping Ether (ETH) for fake ETH2 tokens.

“Unfortunately, malicious actors person attempted to usage the Eth2 misnomer to scam users by telling them to swap their ETH for ‘ETH2’ tokens oregon that they indispensable someway migrate their ETH earlier the Eth2 upgrade,” the station read.

The quality saw a comparatively apathetic effect successful the r/Ethereum subreddit, with astir users joking astir the change, oregon complaining astir the magnitude of clip the merge was taking.

“Don’t attraction what you telephone it, conscionable fucking vessel it soon plsss” said Redditor ghfsgiwaa.

User Kristkind stated that the attempted rebrand has travel “too late”, noting that the word Eth2 has already been wide adopted by the media and users:

“Everybody successful the media, adjacent the crypto-related one, runs with the word 2.0 oregon simply Eth2. And honestly, I deliberation it is amended that way, due to the fact that [it’s] mode easier to get for the (semi-)layperson, than ‘consensus layer’, which needs you to recognize the architecture of the network.”

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Following the merge and modulation to PoS scheduled for aboriginal this twelvemonth — for existent this clip — the remaining milestone of Ethereum’s existent roadmap is the shard chains upgrade that is acceptable to into effect successful precocious 2022/early 2023.

The instauration of shard chains volition spot Ethereum’s web load dispersed crossed 64 caller chains successful bid to heighten its scalability and capacity.

Despite 2022 gearing up to beryllium a bullish twelvemonth for Ethereum fundamentally, the terms of Ether has taken a hefty hit amid the existent downturn crossed banal and crypto markets, dropping 40% implicit the past 30 days to beryllium astatine astir $2,437 astatine the clip of writing.

— eric.eth (@econoar) January 24, 2022