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Ethereum 2.0: Beacon Chain, Staking, & Sharding (A Simple Explanation!)

Ethereum 2.0: Beacon Chain, Staking, & Sharding (A Simple Explanation!)

FromCryptocurrency for Beginners: with Crypto Casey


Ethereum 2.0: Beacon Chain, Staking, & Sharding (A Simple Explanation!)

FromCryptocurrency for Beginners: with Crypto Casey

ratings:
Length:
25 minutes
Released:
Jun 22, 2020
Format:
Podcast episode

Description

This is a simple guide about the Ethereum 2.0 upgrade and what's on the horizon for the future of this blockchain project.======== LINKS TO ACCESS SITES SAFELY ========♦ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100: https://www.coinbase.com/join/57605a33b9140001c900020b● Instagram: https://www.instagram.com/cryptocasey/● YouTube: https://www.YouTube.com/cryptocasey/♦ Recommended Hardware Wallet: Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe♦ BC Vault Crypto Hardware Wallet - https://bc-vault.com/shop/bc-vault/?wpam_id=22======== SUMMARY =======This is an audio guide all about Ethereum 2.0.Later this year, Ethereum will start to undergo a major network update that has been nicknamed Ethereum 2.0, ETH2, and Serenity.Ethereum 2.0 will allow the platform to handle the growing demand for DApps and the DeFi movement at large.There are many phases to this massive upgrade, so it will take a a few years until it's 100% complete.Phase 0 is the initial phase of the Ethereum 2.0 upgrade.Ethereum 2.0 is being built on a new blockchain network called the Beacon chain.And on the Beacon chain, a new way of validating blocks of data will be implemented called proof-of-stake.In Phase 1 of the ETH2 upgrade, shard chains will be implemented, which is also referred to as sharding.And sharding is a database management technique that involves simply partitioning large databases into smaller and faster databases.And in Phase 2, the EVM will be replaced by a new virtual machine called eWASM, which will be Ethereum’s version of WebAssembly code, or WASM.Phase 3 and beyond will involve upgrades to consensus, upgrades to scaling,and basically any further technical upgrades that need to be implemented to maintain the Ethereum 2.0 ecosystem.======== OTHER ESSENTIAL CRYPTO RESOURCES ========♦ Recommended 2nd Option to Buy Bitcoin/Ethereum: Coinmama Signup Link - https://go.coinmama.com/visit/?bta=51862&nci=5343♦ Recommended Exchange to Buy Altcoins: Binance Signup Link: https://www.binance.com/?ref=11055137♦ Recommended Malware Protection for Computer & Mobile Devices: MalwareBytes Link - http://www.tkqlhce.com/click-8628825-12849560======== SOCIAL MEDIA LINKS ========● Facebook Page - https://www.facebook.com/cryptocasey/● Twitter: https://twitter.com/cryptocasey● Instagram: https://www.instagram.com/cryptocasey/● Telegram: https://t.me/cryptocasey/● Business Contact - Casey@CryptoCasey.com● Website - https://cryptocasey.com/======== DONATIONS ========♥ BTC - 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G♥ ETH - 0xf94c71

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Support this podcast: https://podcasters.spotify.com/pod/show/cryptocasey/support
Released:
Jun 22, 2020
Format:
Podcast episode

Titles in the series (100)

Hello, I'm Crypto Casey. I make informational and how-to videos about cryptocurrency, blockchain, and tangle technology at https://YouTube.com/CryptoCasey - My channel is about breaking down complex concepts and processes related to crypto in ways that are easy for everyone to understand. Whether you are interested in learning about how bitcoin works or looking to buy altcoins as an investment, subscribe to my channel to learn more about this exciting, new technology. As you can see, my videos break things down into easy-to-follow steps, so beginners and advanced crypto fiends alike can enjoy. Subscribe to my channel and let me know what questions you have about bitcoin, ethereum, blockchain, tangle, or any other types of cryptocurrency and I'll be glad to help. Support this podcast: https://podcasters.spotify.com/pod/show/cryptocasey/support