Everything You Need to Know About Ethereum 2.0
Comment of the Day

July 27 2020

Commentary by Eoin Treacy

Everything You Need to Know About Ethereum 2.0

This article by Christine Kim for CoinDesk may be of interest to subscribers. Here is a section:

The culmination of over five years of research and development, Ethereum 2.0 is a highly ambitious upgrade.

Never before has the cryptocurrency industry seen a blockchain of the same size and value as Ethereum attempt to transition all users, as well as assets, to an entirely new decentralized network while keeping all operations on the old network active and running. 

It will likely take many years for the Ethereum 2.0 upgrade – in all its complexity – to be complete. However, developer commentary featured in this report suggests the biggest hurdle (and perhaps most important milestone) in the Ethereum 2.0 roadmap is its initial launch.

Eoin Treacy's view

The breakout to new recovery highs by Ethereum last week and bitcoin this week suggest a return to demand dominance following a multi-month hiatus. The coincident surge in precious metals suggests this is more about the demand for a hedge against the debasement of fiat currencies than the range of impending innovations in the cryptocurrency sector.

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