Ethereum 2.0 is coming soon.
The launch will take place at the end of 2020. Of course, this launch is good news for traders or investors in crypto assets, especially for devotees of decentralized finance (DeFi).
Friends must be familiar with the name Ethereum. This cryptocurrency is the second most popular cryptocurrency after bitcoin. Ethereum is a crypto asset built on an open-source blockchain, which runs smart contracts. Ethereum is the fuel that enables smart contracts to run, unlike bitcoin, which is intended as a currency unit in peer-to-peer payment networks.
Ether’s 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 its community.
Then, Ethereum 2.0 was launched immediately. What’s this for?
Ethereum is the most widely used crypto asset for DeFi developers. So far, Ethereum has had problems or shortcomings. Ethereum 2.0 was created for network scalability, security, and safety solutions.
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. It is possible that later, PoS will increase ownership of other crypto assets or coins.
However, PoS is a relatively new concept, and many people 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, Ethereum 2.0’s launch is believed to increase the price of ETH crypto assets in all markets, including the Indodax market. So, for those who haven’t bought the ETH crypto asset, it’s a good idea to buy it immediately. So that later, you can get money when Ethereum 2.0 is launched.
Many people believe that the increase in the price of crypto assets is not only in ETH after Ethereum 2.0 was launched. This increase will also affect other crypto assets.
I hope you don’t miss this moment because this moment was the most awaited moment in 2020 after the bitcoin halving in May 2020.