Ethereum 2.0 is launching soon. The launch will take place at the end of 2020. Of course, the launch of Ethereum is good news for you traders or investors in crypto assets, especially for decentralized finance (DeFi) developers..
You must be familiar with the name of Ethereum. This crypto is the second most popular crypto after bitcoin. Ethereum is a crypto asset built on the open source blockchain, which runs smart contracts. Ethereum acts as the fuel that enables smart contracts to run unlike bitcoin, which is intended to be a unit of currency on peer-to-peer payment networks.
Ether supply is not as restricted as bitcoin and its supply schedule, often described as the minimum requirement to secure the network, is determined by members of the Ethereum community.
Then, Ethereum 2.0 was launched soon. What’s this for?
Ethereum is the most widely used crypto asset for DeFi developers. So far, Ethereum has had problems or flaws. Ethereum 2.0 was created for a solution in terms of network scalability, security and safety.
Ethereum 2.0 will change the network consensus algorithm from Proof of Work (PoW) to Proof of Stake (PoS). The Ethereum update will impact other Proof of Stake (PoS) coins. In fact, it is possible that later PoS will increase ownership of crypto assets or other coins.
However, PS is a relatively new concept and there are many people who don’t know how it works, even though they have been in the cryptocurrency world for a long time. Because so far, people only understand that cryptocurrency can only be obtained from mining.
However, with the launch of Ethereum 2.0, it is believed that it will increase the price of ETH crypto assets in all markets, including the Indodax market. So, for those of you who haven’t bought Ethereum crypto assets, it’s a good idea to buy immediately. So that later you can enjoy it when Ethereum 2.0 is launched.
In fact, many people believe that the increase in crypto asset prices was not limited to ETH after Ethereum 2.0 was launched. This increase will also have an impact on other crypto assets.
Hopefully you don’t miss this moment. Because this moment is the moment you have been waiting for in 2020 after the bitcoin halving in May 2020. Hopefully you will take profit continuously.
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