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

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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❓ 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

[ggrizzle]

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

[TheAnalogExperience]

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?

[KenzieCerpa]

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.

[Teronze]

That last statement about the looming irrelevance of the potential "Ethereum Killers" was potent, my man.

Real truth on that one.

[tensevo]

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.

[ajuddu]

This is the best explanation I heard so far.

[larssuanet]

By far the best video on eth2 I could find. Clearly explained and the visuals do help a lot. You have earned yourself a subscriber!

[RoverProd]

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

[dez]

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?

[asoganmoodaly]

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.

[sebastienbaly]

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

[destinationNZ]

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?

[elhexidente]

How cool would it be to have a school to teach you this instead of the garbage they teach in public schools?? 🧠🚀

[johnsonbeck]

Great video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your crypto. Wealth is created during bear markets, not bull markets. I buy and just trade long term more than ever, I have made over 4.5 btc from day trading with Paulson Dmitriev in few weeks this is one of the best medium to backup your assets incase it goes bearish, Stick with ETH/BTC/CRO/DOT/NEAR..

[jasonauyong]

What is involved in validating? If I had 32 ETH to stake and become a validator, how does one actually validate transactions or new blocks? Is it an automated process or is it manual?
My understanding of POW mining is that it is random and the only way to increase your chance of getting a reward is to run more nodes. Is POS also random? Does the amount of ETH staked change your opportunities to get rewards?

[KevinWildenradt]

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

[winner]

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

[hoodoooperator.]

Love Ethereum and love your videos. "Ethereum Killers" - Give me a break. I can see other blockchains working along side Ethereum, interoperable and all that, but killing it... No chance.

[alizierny]

Can anyone please explain if I should do anything with my current stack of ETH? Should I do something in regards to ETH2? Transfer somehow ?