The Date of Ethereum 2.0's Release

What does Ethereum 2.0 fundamentally mean? Since its inception in 2015, the Ethereum protocol has seen tremendous growth all across the globe.

Even said, the Ethereum community has always anticipated that several important improvements would be required to unleash the cryptocurrency's full potential.

Scalability was an issue that had to be addressed first by cryptocurrency enthusiasts.

The speed of the blockchain is insufficient to support a significant number of users.

Transaction fees on the Ethereum blockchain are skyrocketing because of the high demand.

Add to that, the client's storage requirements are increasing at a fast rate. Ethereum's safe and decentralized algorithm has a significant environmental effect.

So how exactly does cryptocurrency deal with these problems?

Several key changes on the ETH road plan are scheduled to be issued shortly.

We reported about the upcoming upgrades in June 2020, and you can find out more about them here.

It's a New Coin: Is Ethereum 2.0 the New ETH? No, it's not a new coin, and it will not affect the amount of Ethereum that users have at their disposal.

A simple enhancement to the Ethereum blockchain.

Ethereum 2 (ETH2) is a collection of upgrades that solve these and many other issues encountered by the ever-growing blockchain, frequently referred to as ETH2.

Serenity was the initial name for this collection of upgrades, and work on it has been ongoing since 2014.