Ethereum 2.0, also known as Eth2 or “Serenity”, is an upgrade to the Ethereum blockchain. The upgrade aims to enhance the speed, efficiency, and scalability of the Ethereum network so that it can process more transactions and ease bottlenecks. Ethereum 2.0 is launching in several phases, with the first upgrade to launch towards the end of 2020.
While Ethereum 1.0 uses a consensus mechanism known as proof of work (PoW), Ethereum 2.0 will use a proof of stake (PoS) mechanism.
One of the main advantages of Ethereum 2.0 is scalability. With Ethereum 1.0, the network can only support around 30 transactions per second; this causes delays and congestion. Ethereum 2.0 promises up to 100,000 transactions per second. This increase will be achieved through the implementation of shard chains.
Ethereum 2.0 will be more secure. Ethereum 2.0 has been devised with security in mind. Most proofs of stake networks has a small set of validators, which makes for a more centralized system and decreased network security. Ethereum 2.0 requires a minimum of 16,384 validators, making it much more decentralized—and hence, secure.
requires proof that work of some kind occurred. In the case of Bitcoin miners are required to do this work before any of their blocks is accepted by others.
Improve the speed of blockchain network as well as the security.
FTH Currency is a decentralized financial of FTH Capital. The FTH Currency is built on Ethereum's blockchain 2.0 and is one of the first cryptocurrencies in the world to adopt this technology. FTH currency will be used as a payment method in FTH capital's comprehensive and widespread ecosystem.
With its strength in artificial intelligence technology, blockchain system, and smart contract, FTH Currency is a big difference among current cryptocurrencies.
Investing was never easier! The global finance in your hand!