Will ETH 2.0 Live Up To The Expectations?

Is ETH 2.0 the magic wand that will wave all ETH problems away?FIDOLANov 25 · 4 min readPhoto by David McBee from Pexels

If you are active on Twitter, you will agree with me that ETH 2.0 is a trending hashtag, many people seem to think that ETH 2.0 will solve all the issues facing ETH 1.0.

gif sourceFirstly, what is Ethereum?

Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees or what is popularly known as gas fees. Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens. (source)

Now that we know what Ethereum is, what are the problems facing ETH 1.0 and why is there so much hype about 2.0?

The major issue with ETH 1.0 is the huge gas fees you have to pay for each transaction you make.

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Keep reading this article on Blockchain-Medium.

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