Ethereum 2.0 Upgrades Explained - Sharding, Beacon Chain, Proof of Stake (Animated)

Рет қаралды 132,796

3 жыл бұрын

Ethereum 2.0 has some major updates coming and we are here to explain them to you in an easy-to-understand way.
Sharding: Eth 2.0 is adding 63 shard chains to help scale the network so it can process more transactions and data at a faster speed, which means lower fees!
Beacon Chain: The beacon chain is the heart of the upgrade, it is a mega chain controlling all the shards, as well as doing some other important things
Proof of Stake: This is the way we will decide who gets to add the next block to the chain - instead of working really hard, we are going to pick people who lock up their Eth and randomly select them so it's more fair and eco-friendly

Пікірлер: 252

@getmeontvnow 2 жыл бұрын

Finally , an explanation of proof of stake that an old guy can understand. Well done!

@pinedbywhiteboardcrypto6125 2 жыл бұрын

Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information….

@smilingbutdeadinside2073 2 жыл бұрын

just love the way you explain things in simple terms!! :)

@MrVara411 2 жыл бұрын

You're the BEST, man. Happy to support all your hard work.

@chaymaaettazi2898 2 жыл бұрын

I appreciate the hard work in your channel, thank you for simplifying things!

@Tibetan-Phosar 2 жыл бұрын

Can't explain better than this. Learning a lot from this channel.

@kidsofelmstreet5832 3 жыл бұрын

Just discovered your channel and I love it. Great work on making everything easy to understand.

@jerplejanie5249 2 жыл бұрын

these videos are SO good. THANK YOU!

@finance_amplified Жыл бұрын

Excellent Efforts. Please keep making more of these.

@abderrahimanejjar91 2 жыл бұрын

Great job, thank you for your work!!

@nassssssou 2 жыл бұрын

Very good video as usual , you just forgot to quickly mention the difficulty mining bomb with EIP-4345 (which is important in this process) . Much love and thanks for all the good work you doing . ❤

@wiseguysavant 2 жыл бұрын

what happens to the old ethereum?

@jaredneal5588 2 жыл бұрын

This video has the best ratio I’ve ever seen

@bobbydelrio7197 2 жыл бұрын

Your channel is brilliant.

@dylanmaliska7343 2 жыл бұрын

I have been watching every one of your videos all in a row from the first to last

@SHIBPlanet 3 жыл бұрын

I've been binging your content since it first got recommended to me. Very well prepared and explained! Bravo! And props for being consistent with the animations; I know it can be tiring researching, preparing script, V/O, then animating, coz I once did a 38min vid in the same style and got burnt out big time! You'll do well in this space bro! :-)

@WhiteboardCrypto 3 жыл бұрын

Thanks for the appreciation! I'll check out your channel and the Shib token :D

@Jakob123999 2 жыл бұрын

Same!

@sixpacksworkoutmusic9136 2 жыл бұрын

Same to love ur channel

@GOGOJO5 2 жыл бұрын

Easy to understand, Thanks !

@dapperdon2240 2 жыл бұрын

Love your videos very helpful! thank you!

@salparadise5930 3 жыл бұрын

Awesome content. Thanks for your efforts and keep up the good work

@Darthrevan888 Жыл бұрын

Great explanation.Thanks

@nebsonne3689 3 жыл бұрын

Great stuff as always. Thanks buddy

@Diegtz555 2 жыл бұрын

Eth2.0 will be a great improvement and combined with rollups, will allow to ethereum to scale massively.

@dna3169 2 жыл бұрын

Newly subscribed today , Love these videos ..... thank you !!!!

@DaveNougalMusic 2 жыл бұрын

fantastic video!

@BadPixelArtist. Жыл бұрын

Great video!

@thediamondpigman0132 3 жыл бұрын

Loving these videos

@zhaojing1574 2 жыл бұрын

I think so too

@ericgoh99 2 жыл бұрын

Nice work. Thanks for the information.

@pinedbywhiteboardcrypto6125 2 жыл бұрын

Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information….

@iirokajander6664 2 жыл бұрын

Really well explained! Thank you🙏

@yasufumithebest 2 жыл бұрын

really nice video, explain everything we need to know.. gj.

@consultingfirm7813 2 жыл бұрын

Love this channel keep up the great work

@pinedbywhiteboardcrypto6125 2 жыл бұрын

Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information….

@jessesoto6150 2 жыл бұрын

Great stuff. Well done!!

@neilclay5835 3 жыл бұрын

Nice job guys. Very interesting, thanks.

@zhaojing1574 2 жыл бұрын

I think so too

@SzTz100 3 жыл бұрын

Superb explanation.

@macmuffin1865 3 жыл бұрын

Amazing!

@HoneyBoyOG 2 жыл бұрын

Lol glad you clarified that it’s “sharding” instead of something else that sounds eerily similar 😆

@HarryFatty 2 жыл бұрын

Easy to Digest! Thank you!

@pinedbywhiteboardcrypto6125 2 жыл бұрын

Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information….

@hannahadams3507 2 жыл бұрын

Thank You Dear

@nassernathan 2 жыл бұрын

Your videos are better than guy's in explaining crypto concepts because their short guy's videos are too long which is frustrating

@devgatling 2 жыл бұрын

Amazing

@nazdumanskyy 2 жыл бұрын

I am excited for Eth 2.0!

@nickelgamer5806 3 жыл бұрын

Bitcoin may be the godfather of crypto, but ethereum is definitely the prodigal son! Another amazing video, and congrats on getting so close to 3k subs!

@nickelgamer5806 3 жыл бұрын

Now y'all at 3k! I'm so happy that this community has grown and will continue to grow!

@almostcertainlynotapotato6528 2 жыл бұрын

This comment is 3 months old- so does that mean Whiteboard Crypto went from 3k to 255k IN 3 MONTHS!

@JunoMusonda 2 жыл бұрын

Lol did he just saw 3k?? Insane growth! Congrats dude 👏🏿👏🏿

@himanshubankar9832 2 жыл бұрын

After 5 months they have 479 subscribers 🔥, from 3k to 479k in 5 months

@garlicsoo1351 2 жыл бұрын

Best video

@moarteapetrecerii 3 жыл бұрын

I love how you explain things! Wish you the best🚀🚀🚀 Maybe one day you make a video about Elrond’s ADAPTIVE STATE SHARD technology. Those guy are able to build skyrockets💎🙌🏻😍🔥🚀🚀🚀🚀

@joe7272 2 жыл бұрын

sharding is going to be the foundation to a decentralized ETH future!!!! This solves the problem of interoperability with intermittent internet access, especially if updates are highly compressed data. A town could only need an hour or two of internet daily to update their coins.

@JFBernier 2 жыл бұрын

Very well explained. You got my thumbs up and subscription ! Technical note : the room you are recording in has a lot of echo. Use foam tiles or hang drapes to improve the quality of your audio, especially if you are recording facing a wall ;)

@privatechannel1059 2 жыл бұрын

I think would be easier if you put the videos that you recommend in the schedules, Or at least in the description

@Frank004 2 жыл бұрын

nice thnx

@amirdashti 2 жыл бұрын

03:51 -> we pick one runner -> In short: The change is to make rich insiders richer by biasing towards people who ALREADY HAVE 32 ETH, developers WHO CREATED IT and exchange sites who already have coin

@MARINE-ENGINEER 2 жыл бұрын

Hello! Thanks for the informative video, hope you will touch on Flow blockchain pros & cons as well someday

@Chris_Adams88 2 жыл бұрын

i shared!!!!

@nbaz3ntx164 2 жыл бұрын

Remember GREAT THINGS TAKE TIME! Hodling on to Ethereum!

@j.fernandes6585 2 жыл бұрын

@Whiteboard Crypto take your mic a little out of axis to prevent those puffs of air on plosives. Your content is amazing!

@matthewabraham5819 2 жыл бұрын

Yo I’m listening to this with my speaker on by Bluetooth while taking a shit. The second I heard him talk about “sharding”, I thought that I could relate ✊🏾

@pupfriend 2 жыл бұрын

You're learning even while shitting. That's the way to do it!!

@matthewabraham5819 2 жыл бұрын

@@pupfriend Yessir! 🤩

@FreedomForKashmir 2 жыл бұрын

can you please also tell who actually make these updates and who authorise them to be used globally ?? I mean who decides that we are facing these problems in older version and agree upon solutions

@7fg9sd8a9 2 жыл бұрын

This is how forks are created. The creator of Etherum (Vitalik Buterin ) will release this update, and people will of course follow. You could keep mining the "old" etherum, but the question is, who would want it? It is no longer being developed and it is a dead-end. A good example is ETH-Classic

@anteeko 2 жыл бұрын

What about for those that own ETH on the old chain, are the ETH safe? do they need to move?

@raedharbi3814 2 жыл бұрын

Hi buddy, your content is awesome; keep goin' mate (F)

@pinedbywhiteboardcrypto6125 2 жыл бұрын

Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information….

@meetjozo7993 2 жыл бұрын

This is the best crypto channel. Thank you so much for hard work and providing useful info. I have only one question. What is your opinion will ETH be able to lower their fees? Fees on ETH are way higher than with ADA.

@jalapenooo 2 жыл бұрын

It will be very low than what is now

@jarednotter1354 2 жыл бұрын

Basically answered this question in the video. Eth2.0 will take transaction capacity from 15/s to potentially 100,000/s. If demand remains the same that's 5,000x reduction in fees. $50 fee would become $0.001.

@flareb99 2 жыл бұрын

"as high as $50" damn yall were living the good life with those low ass fees

@yasufumithebest 2 жыл бұрын

have no reason not to hit that Like Button.

@daygo619ca 2 жыл бұрын

Exactly the explanation I needed. How about a video on SOL?

@WhiteboardCrypto 2 жыл бұрын

Just finished the script late last night, stuff is so complicated

@sebonyt8257 2 жыл бұрын

@@WhiteboardCrypto Thank you so much for these videos, i'm hyped for the SOL one

@ulyssepvff 2 жыл бұрын

Actually in ethereum 2.0 the hypothesis is to have less than 1/3 ''byzantine'' (malevolent in short) validators. So this is a stronger claim than having less than 1/2 malevolent 'mining power'.

@iamnaveenshankar 2 жыл бұрын

Brother, what happens to the eth I'm already holding after eth 2.0 releases? Can you please tell how/what happens?! 🥺

@joser7376 2 жыл бұрын

My boi, it just upgrades. Like how an app doesn’t delete when it updates. Your eth will just say eth2.0

@dumpsterpsycho2894 2 жыл бұрын

I’m already staking my ETH2

@wolfganggermain7175 2 жыл бұрын

Will that mean there will be more etherum available for grab and cause a drop in pricing?

@sergiouwh 2 жыл бұрын

I don't quite understand how if we have 64 separate blockchains it will work? I mean, couldn't a transaction be made 64 times then? somebody could explain me please?

@tommyimmanuel1357 Жыл бұрын

grae@t ❤️

@cryptostevo 2 жыл бұрын

At the time of making this video, shard chains were first. Now the Merge (Docking) is happening first. Q2?

@draemiller478 Жыл бұрын

Sharting is when you fart but you sh*t yourself 😆

@rushinlele6104 2 жыл бұрын

fuck i love this chanel

@frankay5121 2 жыл бұрын

Novice question here… Does this mean anyone who is currently invested in Ethereum as we know it on say Coinbase will automatically be shifted into ETH 2.0? Or is ETH 2.0 intended to be a completely separate entity?

@jaany 2 жыл бұрын

If you're just a user and holder of ETH you won't have to do anything. The current network will become one of the new 64 shards, basically just expanding the network, or adding more chains to the current one.

@seanbrownsociety 2 жыл бұрын

Will be automatically shifted

@BlackZephyrReal 2 жыл бұрын

$50 dollars on a singel transaction? That's sweet

@alsjourney 2 жыл бұрын

exactly LOL Now it goes up to millions

@will2see 2 жыл бұрын

4:49 - What keeps you from getting "very technical"???

@cosmogang 2 жыл бұрын

SHAARRRDDDIIINNNGGG 😂

@user-fw4od6hw6i 8 ай бұрын

can anyone explain what is activate the High Value Channel qualification? i wanted to have transferred 46785 usdt and then failed they told me need to activate the High Value Channel qualification. and pay 20% of that what does that mean ?

@jqmichael13 2 жыл бұрын

Appreciate these vids so much! Really helping someone new to this. What I don't understand is what will happen to the original Ethereum value? Can someone help clue me in? If I understand the video correctly and the original ethereum just becomes one of the 64 lanes, does that mean both will continue to exist until the original Ethereum becomes obsolete?

@je9625 2 жыл бұрын

The Ethereum chain NOT the Eth coin becomes one of the new 64 lanes. The coin is a currency on the chain.

@url4763 2 жыл бұрын

Perfect

@pinedbywhiteboardcrypto6125 2 жыл бұрын

Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information….

@banananince 2 жыл бұрын

I wander what happen to polygon matic if eth2.0 release..?

@ianharding7818 2 жыл бұрын

Sharding and docking, Etherum at least has a sense of humor

@moonstone1651 5 ай бұрын

what does this sentence means that shards will allow storage and accessibility but will not execute the code??

@christianhaubenwaller5249 2 жыл бұрын

Hi Whiteboard, I love your videos!! But please could you make a video of ETH 2.0 affecting minig with ASIC miners after triple halving occours, what could be the impact of the minig business, greetings from Austria.

@talhabytheway Жыл бұрын

anyone with a node will be able to mine as you wont need asic or any heavy resource machienes you will just need stake of 32 ethers... you wil be able to pool stake too

@kapitalidea 2 жыл бұрын

will this affect Polygon and Matic ???

@williamschnl Жыл бұрын

we're on 1.5 now

@ralphasam 2 жыл бұрын

Can you do a video on Avalanche?

@jamesfehr1 2 жыл бұрын

First, I know I know very little about etherium, but it would seem that this 2.0 is all about making it more efficient with more capacity. Yes? Seems overly complicated right now.

@tijofred 2 жыл бұрын

Wait wait wait.. if the mega blockchains doesnt support smart contract, what will happens with all the nft stuff??? (New to crypto)

@OneforAllDigitalSongs Жыл бұрын

Edward Kim -> “if you could help, why wouldn’t you?”

@ammarnapata2193 2 жыл бұрын

Do Shiba next please

@artemmorgunov1651 2 жыл бұрын

I did not understand the difference between sharding and docking. I understood the 63 highway lanes but not the difference between these words

@matekutasi1015 2 жыл бұрын

I know im really stupid to this, thats why i ask... soo if this finishes the normal eth is just gone?

@PeterAdiSaputro 11 ай бұрын

Simply stated, sharding similar to multithreading ?

@MrGaspari88 2 жыл бұрын

Hello, can you do a video on Pulsechain? new project of Richard Heart, it isnt out yet, but is a hard fork copy from entire etherium eco system, all coins and nfties. love to hear you opinion. thank you , keep doing amazing videos!

@nomadshiba 2 жыл бұрын

only bad thing about ETH 2.0 is proof of stake proof of work is a great way to store energy, which is a really cool concept sad thing is ETH 2.0 gonna be faster because its just gonna have async chains with sync points on the main chain, but everyone is gonna think and say its faster because of proof of stake

@ben914 2 жыл бұрын

which phase are we up to now?

@yatarookayama8329 2 жыл бұрын

in September 2022 The Ethereum 2.0 is coming , meaning will after that be able to put your Eth crypto in staking

@TristenGrey 2 жыл бұрын

Sharting?

@SimonSozzi7258 2 жыл бұрын

Just to be clear...You said SHARTING right? 👍

@pinedbywhiteboardcrypto6125 2 жыл бұрын

Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information….

@tarassavchenko2317 3 жыл бұрын

I don't understand why you say that ETH will move to Proof Of Stake after 2022, what is about London hardfork in August?

@jean-marcm9730 2 жыл бұрын

not PoS after the london hard folk

@arbeboy4537 3 жыл бұрын

throw an eye on Elrond Network...thats all i will say.

@sebastianlam9391 2 жыл бұрын

I'm new to Bitcoin and would like to invest. But I've got no idea on how to make real profits. Can someone please tell me how to go about it.

@quinnlavoie2947 2 жыл бұрын

I'm pretty new and feel I have much to lean before placing my first trade. Are you suggesting I lookup for an expert for trading guide.

@adamfred7014 2 жыл бұрын

Yes but finding a high rated broker/expert to guide you isn't that easy.

@victoriaouellet4999 2 жыл бұрын

Hey, I heared of an expert called Tiffany they says she'd pretty good but I would really like to speak with her for guidance.

@wadem.sheehan7152 2 жыл бұрын

I invested with Tiffany some time ago and made huge profits. I'm currently a 19k weekly package and the returns keeps coming. Honestly I felt like quieting my job and focus more on her trades.

@tinajackson9047 2 жыл бұрын

I stumbled across recommendtions and testimonies of people expert Tiffany has helped, and I decided to try her out...my 11th weekly return is currently on its way.

@vivahernando1 2 жыл бұрын

Sharting ……. got it

@TechhMann 2 жыл бұрын

4:58 hahaha

@IkaikaArnado 2 жыл бұрын

Coordinator, directed acyclic graph, immense scalability? ...sounds like Iota.

@Ben-mf4go Жыл бұрын

Is this still accurate?

@dahuar2006 Жыл бұрын

Sorry I miss if the fees will be much cheaper to use Ethereum, can some one please confirm?

@talhabytheway Жыл бұрын

fee will be cheaper because of sharding + possible rollups taking 15 transactions per sec to 1000+ tps, only pos wont be able to make ethereum blockchain scalable

@dahuar2006 Жыл бұрын

@@talhabytheway Thank you