ETHEREUM 2.0 - A GAME CHANGER? Proof Of Stake, The Beacon Chain, Sharding, Docking Explained

Рет қаралды 365,700

3 жыл бұрын

So what is the long-awaited Ethereum 2.0 all about? What is Proof of Stake, the Beacon Chain, Sharding and Docking? And what are the different phases of their rollouts? You’ll find answers to these questions in this video.
Let’s start with an overview of what Ethereum 2.0 is and why it’s even needed in the first place.
Ethereum 2.0 a.k.a Eth2 is a set of interconnected upgrades to the Ethereum network that aims at making Ethereum more scalable, more secure and more sustainable. These changes are worked on by multiple different teams in the Ethereum ecosystem, each team focusing on building a specific part of the whole upgrade.
Initially, the set of changes needed to achieve these goals was called “Serenity”, but now most people refer to it as Ethereum 2.0 or just Eth2.
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Пікірлер: 588

@ggrizzle 3 жыл бұрын

i just want to know how you got all those colors out of a black sharpie

@ashishsubedi8811 3 жыл бұрын

Its called MAGICC......😂😂😂😂😂

@jasonbrazen3732 3 жыл бұрын

lol

@bobsaget420 3 жыл бұрын

lol

@SenecaNL 3 жыл бұрын

It is called ETH 2.0

@LJournals 3 жыл бұрын

lol

@Finematics 3 жыл бұрын

💛 Support Finematics on Gitcoin (Round 8 started on 2nd Dec) ► gitcoin.co/grants/1158/finematics-defi-education ❓ What do you think about Ethereum 2.0? Will it make the "Ethereum Killers" irrelevant? Comment down below 👍 Hit the like button if you enjoyed this video 🐦 Follow Finematics on Twitter ► twitter.com/finematics 🙌 Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics 📘 Check out our FREE Guide to DeFi ► finematics.com/guide-to-decentralized-finance/

@user-hd7fs3mm4k 3 жыл бұрын

So helpful! Needed the visuals. 🙏🏽

@Teronze 3 жыл бұрын

That last statement about the looming irrelevance of the potential "Ethereum Killers" was potent, my man. Real truth on that one.

@katiayang1351 3 жыл бұрын

I love all your videos! Just new to Ethereum, and your videos provide the best and clear explanation! Thank you!

@Finematics 3 жыл бұрын

thanks! 💛

@RoverProd 3 жыл бұрын

Great content. Subbed. Do you have a thoughts on Eth 2.0 vs Algorand?

@turbos7780 3 жыл бұрын

Algo is still a baby

@turbos7780 3 жыл бұрын

I have my money into it but no way its reaching eth maybe in 5 years

@asoganmoodaly8743 3 жыл бұрын

Subscribed. New at this, and the explanation is great! Just a comment - doesn't the 'rich get richer' analogy apply here? In other words, only those with money (eth), can earn eth? More money (eth) you earn, the more you can stake to earn yet more eth? I might be missing a nuance, so apologies.

@zmanx88 3 жыл бұрын

There will be pooling services that you can put a small amount of eth to if you want to participate. But just like the regular stock market: the more money you put in the more money you get out

@anniemal9312 3 жыл бұрын

You managed to make a foreign concept understandable. Thank you. I hope everyone gets a chance to hear your explanation. So clear and concise

@tensevo 3 жыл бұрын

Ethereum is so effing brilliant. If Eth2 transition goes smoothly, and it can be secure on POS for a few years, that will be a huge bull signal for major financial institutions to move onto Ethereum in one way or another. I think this will be the de facto platform for future finance, accounting, legal, derivatives, you name it.

@tensevo 3 жыл бұрын

@M.V.P. Agreed, ETH is still very much in the early phase, yet is still fully functional, see the roadmap. it is currently expensive and slow, but that is because nobody predicted how popular it would be. There are literally thousands of projects already built on Ethereum and a huge dev community. Regards, to expense and speed, it is fine for most financial apps, with the main thing being the security of smart contracts settled on layer 1 blockchain.

@tensevo 3 жыл бұрын

@M.V.P. I don't really know much about ADA.

@stormsurge1850 3 жыл бұрын

@@tensevo As a blockchain developer, things like this make me laugh my ass off. The price of ADA has nothing to do with their underlying technology, almost every altcoin will explode during the bull phase, including simple ERC-20 tokens. Cardano doesn't even have smart contracts yet. Layer 2 scaling solutions and Ethereum 2.0 will make Cardano and Polkadot pointless. By the way, I would trust the creator of Polkadot a lot more than the creator of Cardano. Everyone in the blockchain development community hates the creator of Cardano, he's been kicked out of every project that he's been a part of, and he's always lying to promote Cardano.

@stormsurge1850 3 жыл бұрын

@M.V.P. I know he contributed to Ethereum. He got kicked out just like every other project he's been a part of. Also, I never said you were a blockchain developer, I was saying that I am one. I'm not repeating myself, literally everything you mentioned was either already addressed by my previous comment, or in the video you obviously didn't even watch. Cardano isn't even finished yet, so Ethereum not being finished doesn't mean anything. Ethereum 2.0 and layer 2 solve every issue you mentioned. Cardano doesn't even have smart contracts yet, that's literally the most important part. Nothing is being built on Cardano. I have tried to use their developer tools, they are horrible. The only Ethereum killers that have a chance are Binance Smart Chain and Polkadot.

@andso7068 3 жыл бұрын

@M.V.P. Best of luck. After the last surge of the current bull cycle, it'sgoing be a long 4 or 5 years before ADA makes any moves in your portfolio.

@mdmh9999 3 жыл бұрын

Thanks for the video! How do you feel about the timeline as of now?

@iamsophea9628 3 жыл бұрын

អរគុណសំរាប់ VDO នេះ thanks for this vdo

@bit_rimbit_rim2210 3 жыл бұрын

Very good explanation. Thank you 🙏

@Finematics 3 жыл бұрын

great to hear!

@jonathancox9497 3 жыл бұрын

A lot of value in n this video 🔥 How long will the transition into POS take to migrate.

@roberts1782 3 жыл бұрын

Super, I like your work

@Finematics 3 жыл бұрын

thanks! :)

@sebastienbaly7207 3 жыл бұрын

Awesome video, super clean and very comprehensive! Is Casper $CSPR linked by anyway to Eth2 or there is no link at all?

@akhilkumar4825 3 жыл бұрын

Wonderful explanation. I do have to watch it a couple of more times before I can get my head around all the different architecture changes you talked about.

@santiagopabloortiz6322 3 жыл бұрын

Best explanation about ETH 2.0, ever. You make it sound simple haha.

@Finematics 3 жыл бұрын

Thanks! :)

@Dragon-Slay3r Жыл бұрын

😭 eth tripped? 😭

@TheDjarEl 3 жыл бұрын

Finally I am feeling I understood this. Thanks!

@punkysuen 3 жыл бұрын

Great video! It explains a lot of concepts very clearly. Thanks.

@Finematics 3 жыл бұрын

Glad it was helpful! :)

@I3igI3oss1 2 жыл бұрын

Some of the best defi explainations I've ever heard. Easy follow from me

@Finematics 2 жыл бұрын

thanks!

@cryptomaximalist5884 3 жыл бұрын

Fantastic lesson!

@Finematics 3 жыл бұрын

Thanks! :)

@dez8218 3 жыл бұрын

The reward u get by staking eth 2.0 , is it sent to your wallet immediately or does it become available at the end of the staking contract?

@nikhilkunde1805 3 жыл бұрын

At the end of the staking contract

@boredcompsciguy 3 жыл бұрын

@@nikhilkunde1805 rip liquidity

@timschierenbeck2758 3 жыл бұрын

Thanks again, very understandable, even for a newbie like me!

@jackwu4723 3 жыл бұрын

Can you explain what is stored in the blocks of the beacon chain initially since it's not validating the transactions on the current POW ETH chain. Is it just a bunch of empty blocks without any transactions? Thanks and keep up the great work!

@ajudd4u 3 жыл бұрын

This is the best explanation I heard so far.

@Finematics 3 жыл бұрын

Thanks!

@iifather 3 жыл бұрын

สวย

@_lfaustoo 3 жыл бұрын

Very very very helpful video! Kudos to you and your content!

@agustincortes2270 3 жыл бұрын

Right???

@marcososa1986 3 жыл бұрын

how does the validation process work in POS? is it automatic?

@daryndelmar6683 3 жыл бұрын

wow, thank you ☺️

@nightaim6673 3 жыл бұрын

As allways! very Nice content. My question is just as you told in 6:44 Sharded Chains cant execute transactions and Smart Contract there for Layer 2 (like Rollups) is needed. but later at 9:45 after DOCKING and the full transition you told the Ethereum 2.0 will allow Smart Contracts. So what does it means? After Docking is still Rollups there for Smart Contract?

@omarakhtar7332 3 жыл бұрын

Mate your special will be sharing your work but i might keep u to myself lol

@ikust007 3 жыл бұрын

This channel is a pure Crypto Gem.

@Finematics 3 жыл бұрын

thanks!

@Jesse-ly8nl 3 жыл бұрын

Hi Finematics, thank you for the educational video. In regards to sharding, my limited understanding of computer sciences tells me that this only works correctly in centralized systems. How does an entire decentralized network get updated, if each node only holds a certain amount of fragmented data?

@chrisyay2024 3 жыл бұрын

been watching your contents for some time now, always appreciate your great work!

@Finematics 3 жыл бұрын

Thank you! 💛

@winner322 3 жыл бұрын

Watched this twice and starting to understand better. Any recommendations for me to find out more?

@jehanfd 2 жыл бұрын

This is the best explanation 😍😍🙏

@21CenturyBreakdownX 3 жыл бұрын

Me: trying to learn about future of crypto I'm invested in Also me: lol it sounds like he's saying sharting

@Mark-to4vy 3 жыл бұрын

compliment, very good video!

@Finematics 3 жыл бұрын

thanks!

@PieceOfThePieWithTy 3 жыл бұрын

Very easy to follow. You definitely helped my research, thank you. Great Video!! You got me, New Sub.

@Finematics 3 жыл бұрын

Awesome, thank you!

@justinmtch 3 жыл бұрын

Correct me if I am wrong, but ETH seems to have gone to a DeFi system where any average Joe could support the network and be rewarded to.... the richest ETH holders (those who hold 32 or more ETH *64,000* at time of comment) are now the only ones who will be able to validate / host the network via staking. And sure you can join a group to stake your ETH... but it hardly seems DeFi. It certainly feels like we are seeing a consolidation of the most wealthy ETH owners, those who may not even believe in the network or DeFi for that matter, but want to turn a profit stand to gain the most out of ETH 2.0. Have we come full circle, back to US Financial System, but over a Block Chain?

@batmanrecharged 2 жыл бұрын

Valid point

@rontman 2 жыл бұрын

Decentralized staking pools without min limit are already out there. Ethereum community innovates non stop.

@bate01071 2 жыл бұрын

What’s more worrisome to me is that if i were to treat ethereum or Bitcoin as a currency rather than a speculative asset that I’m betting I can get wealthy from, I might be trading a small amount of inflation with the U.S. currency for a substantial amount of deflation, assuming the value relative to US dollars continues to appreciate. That trend would disincentivize people from using at as a currency but instead hold on to it which has the significant effect of slowing the widespread adoption of it as a currency that is used as such.

@vpowerization 2 жыл бұрын

In my point of view, there is Ethereum, Bitcoin, and bubble crypto's ! Before EIP 1559 Ethereum was ONLY the most successful Altcoin but Clearly after EIP1559 Ethereum can not be compared with anything else!

@michielcelis5806 2 жыл бұрын

Also, validators get rewarded linearly by the amount they stake, not the amount of processing power they bring to the network. This funnels ETH into the already wealthy, and creates a disconnect between processing power and reward. It can be compared to feudalism. Where we had a consensus mechanism that required no trust, we are going to a system that entrusts the wealthy and gives them a discoupled incentive to provide processing power by the means of avoiding punishment.

@AManuelian 3 жыл бұрын

Awesome video!! Thank you!

@Finematics 3 жыл бұрын

You're welcome!

@RiFaTTareq 3 жыл бұрын

Hands down one of the best channels on Crypto. Turning on notifications. 😃 Your talent of explaining such complex topics with simple visuals is truly amazing. Keep up the great work. 👍

@Finematics 3 жыл бұрын

Thanks! Appreciate your comment :)

@yanafridabinaev 3 жыл бұрын

Agree! Amazing channel! Do you mind sharing which other channels you find informative on the topic?

@RiFaTTareq 3 жыл бұрын

@@yanafridabinaev I find 'Coin Bureau' channel very insightful, although the visuals are not as cool as Finematics :D

@yanafridabinaev 3 жыл бұрын

@@RiFaTTareq Nice! I will check it out! Thanks for sharing and deffo Finematics is smashing it with the visuals!

@fcurdi 2 жыл бұрын

Great explanation! 👏

@Dogmen219 2 жыл бұрын

Your videos are very clear and the visuals are great. I love the way you explain things and make it easy to understand. Keep making great content.

@claudine1843 3 жыл бұрын

Subbed! Thanks for the helpful explanation!

@PeymanSayyadi 3 жыл бұрын

Incredible video; thanks.

@yanafridabinaev 3 жыл бұрын

Great video! Thank you! The way I am seeing it - ETH2 will give a serious boost to the structure and system and allow many more players to be in the game along with strengthening and securing the whole dynamic. It's the upgrade needed to make ETH2 move forward.

@johncurtis920 3 жыл бұрын

So...if I'm getting this properly is it valid to presume that sharding can become...for lack of a better way of putting this...fractal in nature? I'm not sure I'd want to lock up my ETH for the better part of 2 years as a vaildator, especially since the returns over time diminishing. But you can color me interested to see how it all plays out. John~ American Net'Zen

@ZeeshanHaider-ve6eo 3 жыл бұрын

Yeah i will too won’t be interested in etherum

@dorasmuris 3 жыл бұрын

Idk i see it as a CD. Plenty of people buy and hold their assets for years on end. Instead of it just sitting in an account somewhere, it can accrue interest overtime. For those that constantly trade and need liquidity, this wont be a good option. Algorand might be a better option for those that need liquidity but want the APY.

@Garen1 3 жыл бұрын

Question: How does Eth 2.0 differ from eth 1.0? Not in the sense of the upgrades and changes, but as the coin. Does that mean there is going to be a new coin called eth2 that ppl will start buying? Or will everyone who owns etc coins be converted to eth 2.0 like an “update.” My understanding is very limited and I have been looking into eth and its advantages and how it can have a market cap greater than btc bc of the great platform it has and the value it brings. Thus I really want to understand how exactly this eth 2.0 will effect eth. Thanks in advance and for your time.

@dorasmuris 3 жыл бұрын

I think the entire ETH network will become part of the ETH 2.0 network. He talked about the first shard or block encompassing the whole ETH 1.0 network.

@ch1apet761 3 жыл бұрын

Good work!

@Finematics 3 жыл бұрын

Thanks!

@destinationNZ 2 жыл бұрын

Do the holders of POW ETH need to do any software updates on their nodes/Wallets or this migration from POW to POS will be seemless for current ETH holders?

@djWOOF 3 жыл бұрын

5:09 gotta love me some Meth

@gimmy3510 3 жыл бұрын

CHAIN game a secret gem 💎💪

@ac7841 3 жыл бұрын

Not really a secret but ok

@kaczan3 3 жыл бұрын

Men behind ETH are absolutely brilliant.

@KenzieandAsia 3 жыл бұрын

Thank you for taking the time to make a visual representation. I know it took valuable time out of your day and it is much appreciated for those of us unconventional learners that really need to see what you’re talking about.

@frankfromupstateny3796 2 жыл бұрын

Indeed....indeed. "Dilly, Dilly!" I'm a newbie,....still in 11/2021 - having ETH, is finally making sense....as our FIAT money is about to die....even a simple RN can understand this basic change in society. So,...onto more learning...cost averaging and having faith in this new process and protocols. Money "laying under one's mattress" is now "supposedly" losing it's buying power by up to 1% monthly (as of November - 2021; now). So 100K in savings "today...will be worth in buying power....99K "next month...and so on". Why bother working "for the man...when the man is broke too?" The "Man is our Government".

@krumpiskis6855 2 жыл бұрын

proof if stake gives control to the validator with the most tokens. So its actually pretty central based. The biggest validator doesnt only get to maintain a percentage of proportionate ownership, but they get to decide (have the most tokens = most voting power) which basically incentivizes hacks.

@chris11d7 3 жыл бұрын

Thank you for teaching us about sharting! I actually actively shart while working with our application database at my job, I always thought it was just called "splitting", but sharting sounds way cooler.

@jacobkarim8358 3 жыл бұрын

sharding and sharting are two very different things

@christopherchilton-smith6482 3 жыл бұрын

LOL

@chris11d7 3 жыл бұрын

@@jacobkarim8358 thank you for clarification: Mistakes were made....

@beatriceajogbeje9739 2 жыл бұрын

LMAO

@antunpetrusa 3 жыл бұрын

Can ex. ALGO, ZIL, CEL, HBAR..... become shards?

@nakki131 2 жыл бұрын

Third time here. Every time learning something new, great content.

@Finematics 2 жыл бұрын

thanks!

@iamwhoiam5254 3 жыл бұрын

🥰... his voice

@MrNasamigra 3 жыл бұрын

Can you do a video on ADA?

@mateo-6965 3 жыл бұрын

Would it be worthwhile to buy pre staking eth2 thru coinbase?

@boshgamer 2 жыл бұрын

hey great video! if i staked in a pool, would i be a validator of the eth blockchain? or id just be receiving rewards for providing liquidity

@zakariarhayate2664 8 ай бұрын

❤

@JimzZel 3 жыл бұрын

Nice video, but again nobody is talking about what happens with the value of current ETH if ETH2.0 is launched. Will ETH have less value like ETC? Will we also get ETH2.0 tokens for every ETH token we currently have?

@dorasmuris 3 жыл бұрын

I think the current ETH network will become part of the ETH 2.0. He talked about it becoming a shard i think.

@hasniahasnia5669 2 жыл бұрын

@MrBusta wester

@KevinWildenradt 3 жыл бұрын

Wow dude, this is amazing. I love ETH and DeFi, I am always looking for good explanations to show people

@Finematics 3 жыл бұрын

Thanks!! :)

@josee.1709 3 жыл бұрын

Please do a Polka Dot video :3

@starlight7243 3 жыл бұрын

@mehranwild5602 2 жыл бұрын

Keep up the good work, make more videos about specially ETH LIQUID STAKING on like StaFi.

@starlight7243 3 жыл бұрын

In a world of confusion I am left at rest knowing you. To know it is to trust it. Ty. For being you

@frankrowleycoach 3 жыл бұрын

You say that scaling only on L1 instead of on L2 would lead to lower security and dentralization. However, from what I understand L2 solutions also bring with them decreased security and decentralization. So, are you saying that all improvements to scaling, whether they are on L1 or L2, will necessarily lead to lower security and decentralization?

@noahwhipkey6262 3 жыл бұрын

yes. moving away from POW just allows those who have already mined or have lots of capital to execute a 51% attack. say the US government with their trillions only need like 125 billion to shut it down. instead of having to buy and setup all the mines, they only need some code and ETH. hardware over software people

@cryptomania...2406 3 жыл бұрын

wonderful content...thanks alot

@Finematics 3 жыл бұрын

Thank you! :)

@dylanstone8349 3 жыл бұрын

Keep up the great work!

@Einungbrekke 3 жыл бұрын

And i who joined the mining community under a month ago with a rig... Should probably not have bought that one. It wasn't cheap! :D

@shillengod 3 жыл бұрын

Same here 🥲 We'll need to look for other coins to mine...

@ausmate5235 3 жыл бұрын

thanks!

@arjaypabunan2333 3 жыл бұрын

So prof of work miners is out, and virtual/cloud mining is the new trends in Eth 2?

@airxperimentboom 3 жыл бұрын

Pos is the solution. I like the docking roadmap

@bigbooty8948 3 жыл бұрын

Great vid just subbed

@Finematics 3 жыл бұрын

thanks!

@rocketscience777999 3 жыл бұрын

The computer generated voice almost sounds like a real person:) its actually a good video tho:)

@SVIGO-hq5fg 3 жыл бұрын

By having different teams in the ecosystem means that the decision maker can be centralised?

@tensevo 3 жыл бұрын

One thing I do not think you mention was, how validators get paid. I mean, where does the money come from? Also, who is paying the miners on POW chain if validators are getting paid from transactions?

@Finematics 3 жыл бұрын

It comes from extra inflation on the POS chain. In the short term when both POW and POS chains are running the overall inflation of ETH is higher than it would've been without POS. Over a longer period of time the average inflation will be actually lower because when the POW chain stops (after the merge) the inflation on the POS chain itself will be way lower than at the moment on the POW chain. I hope this helps.

@webagencyroma 3 жыл бұрын

Great

@BradCagle 3 жыл бұрын

Hope I'm not the only one who giggled every time he said sharding. :)

@timschierenbeck2758 3 жыл бұрын

nope, me too:-)

@hamoudhabibi1996 3 жыл бұрын

lmao same

@hamoudhabibi1996 3 жыл бұрын

i sharded while watching it

@mattrogers1149 3 жыл бұрын

And docking :-)

@ArmageddonDutch 3 жыл бұрын

mostly clear video, thanks. It leaves me wondering how they would be able to do this though, Eth shares informtion on what they want to fix... but they still dont know how? They thought of this before the launch in 2013, but have not been able to launch it yet even though people have been clearly having problems with gas fees for years already? 2021 is a most unlikely rollout date if you ask me. I'd say 2023 is more likely.

@dedexter88 3 жыл бұрын

coz it's a band aid solution

@BR0KK85 3 жыл бұрын

Staking Ass high with 18% Meth yep ... :D Good video i subbed right away !

@bchain6416 2 жыл бұрын

This is such an incredible complicated protocol it is hard to believe that nothing will go wrong.

@marpeap 3 жыл бұрын

I never subscribe people talking cryptos because they're saying sh*t and talking about shit explaining how much they are ignorants, but It's been 0:27s now and I already subscribed your channel. Please, I wish u'll never talk too fast.

@lostcause1281 3 жыл бұрын

Very interesting! But what happens with people already holding ETH? Would they have to sell for, or exchange ETH with ETH2, or would the upgrade be automatic, like if you hold ETH, it would change itself in ETH2? Like an automatic software update?

@philippemercier1637 3 жыл бұрын

To make it short, it is automatic, no need to convert your ETH into a new coin

@FURIArts 3 жыл бұрын

@@philippemercier1637 what about the price though?

@Mountain4 3 жыл бұрын

Its automated

@Ruben- 3 жыл бұрын

@@FURIArts Very likely to go up

@kalloggs40 3 жыл бұрын

Wait most etherium and other cryptos are held at exchanges, how does ETH 2 prevent a 51% if stake if one or all of these Exchanges merged in secret prevented withdrawls and got control of 51%? What about if banks or someone else got together and bought 51%?

@Finematics 3 жыл бұрын

At the moment only 16% of all ETH is kept on exchanges. If one party controls 51% and acts maliciously their stake is slashed, so they can only repeat the attack a few times before they run out of funds. Also buying 51% of the whole supply would drive the price up making it harder and harder to get to that threshold.

@shihkailiu8331 3 жыл бұрын

Hello, your vedios are very great!Would you like to make a translation ? I can translate Chinese so that broadcast more people !

@user-vs9uh3nt4c 3 жыл бұрын

Algorand pls!!!!!

@dadanifit 3 жыл бұрын

ETH miners will end up winning too. They will still be validators for ETH 2.0 whilst connecting their GPUs to the Ethereum Classic blockchain for PoW mining. Polkadot is not conceived as an Ethereum killer but as a blockchain interoperability platform, so it will actually benefit from ETH 2.0. As for ADA, its founder has been talking a lot of bs against Ethereum and Ethereum 2.0, may suffer from projects halting migration or integration to Cardano when a far superior and famed Ethereum 2.0 is already in place. So far the only big project attempting a Cardano integration is Singularity Network, yet they are not abandoning Ethereum. Also the signals arriving from financial institutions and institutional investors is that they are seeing ETH as a store of value too, which will lead to the flipening of dominance with Ethereum at some point in the near mid future.

@mickankit 3 жыл бұрын

Subbed, Great content.

@Finematics 3 жыл бұрын

Thanks!

@mickankit 3 жыл бұрын

@@Finematics Welcome, Do you know what platforms/Apps will support to stake ETH in POS and become part of validator node ? Are some platforms already supporting it ?

@frostbyte9770 3 жыл бұрын

How you make this animated video sir?

@sheikhtashdeedahmed2740 3 жыл бұрын

Hi, I have a small currency related question. When ETHERIUM 2 finally begins (And finishes docking), with ETHER cease to exist and will ETHER 2 be a new currency or will both exist at the same time or will ETHER become ETHER 2?

@Finematics 3 жыл бұрын

There will be only one Ether unless the PoW (current chain) forks and maintains some value.

@googleinc6033 2 жыл бұрын

There is no eth 2.0 anymore. Just eth with an update

@oceans.bitmap 3 жыл бұрын

Great job as always, with all the hype of the flare network and the spark token one of your videos would be a hit.

@johnmcnally322 3 жыл бұрын

I really appreciate that he just explains the concepts and fundamentals instead of trying to hype it up or be some ramblings scatter brained salesman trying to get us sign up for shit with affiliate links.

@kyles5258 3 жыл бұрын

I feel like validators are the most important part of that video and I have no idea what they are. Like how does owning 32 ethereum mean literally anything or validate anything

@heyalex8597 3 жыл бұрын

Generally when you are staking you are entering a smart contract saying if anything goes wrong with the network security (i.e hacks or other network weaknesses) the 32ETH you pledged will be used to replenish the funds lost via the network weakness. Basically insurance for users of the ethereum network. As a reward for staking that ETH, the validators are compensated by a high APY or something similar

@kremarsimgames7949 3 жыл бұрын

@@heyalex8597 how do you become a validator?

@godac420 3 жыл бұрын

Good Q/A

@kelseyc4237 3 жыл бұрын

@@kremarsimgames7949 you need 32 ETH