The open-source, permissionless, Web 3.0 platform was designed to give developers the ability to build highly configurable, fully decentralized blockchains that are instantly compatible with Ethereum and capable of running at a capacity of 2,000 transactions per second—complete with “sub-second” block times.
ETH 2.0 will see the network transition from an energy-draining, expensive proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). This will effectively make miners obsolete, as blocks will instead be verified by validators who stake 32 ETH in order to run a node.
Reddit began experimenting with a crypto-based points system to much fanfare in April. But now, as the social network has realized that there’s a major stumbling block if it wants to roll the feature out to all 430 million of its monthly users: Ethereum has scalability issues.
eMusic was one of the first companies to bring song downloads to the internet—now, it’s attempting to be a trendsetter once again by embracing blockchain.