Suba
Guest
Ethereum was launched in 2015, the largest smart contract today. The most striking change from Ethereum 1.0 to Ethereum 2.0 is the change
PoW consensus to PoS,
PoW consensus to PoS,
Last edited by a moderator:
Navigation
Install the app
How to install the app on iOS
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
More options
Style variation
-
Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Monster Masterpiece
Guest
I think the fees will still the same except if ETH 2.0 is like BCH comparing to the BTC one needs more clarification about this point.
Lens
Guest
Since the creation of the ETH2.0 i have not seen a significant change in the gas fee on the etherium network.
Nomad
Guest
I also hear that there are no changes in gas fees. Then only benefit I see is now you can stake and earn passive income.Since the creation of the ETH2.0 i have not seen a significant change in the gas fee on the etherium network.
Flower
Guest
That is the only advantage that is in the merge and it will also reduce the huge energy consumption that was seen in the proof of work algorithm.I also hear that there are no changes in gas fees. Then only benefit I see is now you can stake and earn passive income.
Nomad
Guest
Mining consumes a lot of energy and most of the mining activities are using coal power, therefore min ing activities are a global contributor of carbon footprint. Thus, move into PoS is normally thought to be better than PoW.
Flower
Guest
There are a lot of advantages in the proof of work consensus because it will clean up the ethereum network and it will move to more environmentally friendly consensus that is agitated for.Mining consumes a lot of energy and most of the mining activities are using coal power, therefore min ing activities are a global contributor of carbon footprint. Thus, move into PoS is normally thought to be better than PoW.
Lens
Guest
Proof -of-stake consensus in the blockchain algorithm is hugely important and that is why every blockchain should proceed to this consensus.There are a lot of advantages in the proof of work consensus because it will clean up the ethereum network and it will move to more environmentally friendly consensus that is agitated for.
Bisolami
Guest
I don't think it is like BCHI think the fees will still the same except if ETH 2.0 is like BCH comparing to the BTC one needs more clarification about this point.
The transaction fees for BCH is very much low.