Why did Ethereum rebrand ETH 2.0 to “Consensus Layer?”

In an effort to debar disorder successful the aboriginal implicit terminology connected its network, the second-largest blockchain, Ethereum, has scrapped aged presumption similar “Ethereum 1.0” and “Ethereum 2.0,” replacing them with caller branding.

No much “ETH 2.0”

Ethereum Foundation disclosed this important determination successful a blog post that it would nary longer usage the presumption “ETH 1.0” and “ETH 2.0” to picture the upgrades ongoing connected the blockchain.

According to the developers, the upgrades volition present beryllium referred to arsenic the “execution layer” and “consensus layer.”

This means that ETH 1.0, the existent web statement that is amended known for its reliance connected the  Proof-of-Work (PoW) mechanism, volition beryllium known arsenic the “execution layer.” 

On the different hand, the overmuch anticipated ETH 2.0 upgrade, which uses a Proof-of-Stake (PoS) mechanism, volition henceforth beryllium known arsenic the “consensus layer.”  

Ethereum developers person been moving connected upgrading the existent PoW mechanics to unite it with the PoS chain. This process is expected to beryllium completed by June of this year.

With the incoming Proof-of-Stake mechanism, Ethereum would nary longer beryllium connected an energy-intensive process of mining caller coins; instead, validators volition beryllium charged with verifying caller transactions by staking their ETH holdings.

Why the alteration of sanction is happening

Available accusation reveals that ETH instauration was changing the names to trim the disorder and misconception associated with ETH 1 and ETH 2.0

It noted that immoderate users “intuitively deliberation that ETH 1 comes archetypal and ETH 2 comes after. Or that ETH 1 (will) cease to beryllium erstwhile ETH 2 exists. Neither of these is true.”

Another crushed fixed for the sanction alteration was revealed to beryllium to forestall scams. It highlighted that scammers person seldom taken vantage of the numbers attached to defraud unsuspecting individuals astir the network.

Scammers often instrumentality users into believing that they request to upgrade from the existent statement mechanics to the ETH 2.0. This, astir of the clip confuses users and usually ends successful the nonaccomplishment of funds.

Ethereum’s Arrow Glacier update

Recently, Ethereum implemented the Arrow Glacier update, designed to hold the “difficulty bomb” — a mechanics that makes it hard to excavation Ethereum — to astir the mediate of this year.

 It is expected that aft Ethereum yet transitions into a impervious of involvement model, the “bomb” volition nary longer beryllium connected the web arsenic validators volition necessitate little computing powerfulness to verify transactions.

Overall, Ethereum blockchain users tin expect that erstwhile the upgrade is yet completed, the web volition go much scalable, secure, and sustainable similar astir of its existent rivals.