What Is Ethereum 2.0: Key Things to Know

What is Ethereum 2.0? Ethereum 2.0 is a major network upgrade designed to increase scalability, security, and energy efficiency without compromising decentralization. Conceptually, phase 0 of ETH 2.0 became a test platform for testing the Proof-of-Stake consensus algorithm. When will ethereum 2.0 be released? What to expect from further upgrades? In this article, we’ll try to find out!

When Will Ethereum 2.0 Be Released? 

Once we’ve found out the answer to the question ‘What is ethereum 2.0?’, let’s move further. The start of Ethereum 2.0 had been announced for a long time. It was often postponed but now is really close to it. 

When is the launch of Ethereum 2.0 coming out? Phase 0 of Ethereum 2.0 was launched on December 1st. Phase 1 is expected to take place in 2021. Phase 2 is planned for 2021 or later.

What Price Will Ethereum 2.0 Be? 

How was mentioned before, the launch of phase 0 of Ethereum 2.0 took place on December 1st. How will Ethereum 2.0 affect price? Well, thanks to good news and constant upgrades, Ethereum can expect a significant price increase. 

Experts believe that this update will become a growth driver for the coin. They suggested that there is still a lot of ‘fuel’ to increase the price of the coin and called it potentially the best investment of 2021.

Since the beginning of phase 0, investors have deposited over 600,000 ETHs to the Ethereum 2.0 contract. Thus, the amount of 525,000 ETHs, necessary for phase 0 of the altcoin network was collected. 

What price will Ethereum 2.0 be? The very first update of Ethereum to the second version of the network became one of the growth drivers of its rate. Since the beginning of the year, the altcoin has risen significantly in price. On January 10, 2021, ETH hit a new three-year high at $1,348. United Traders’ leading trader Alexei Markov admitted that ETH could add another 15-20% amid expectations of the update.

How to Invest in Ethereum 2.0?

How to invest in Ethereum 2.0? The launch of the updated Ethereum 2.0 platform has already attracted a large number of institutional investors. Today, Trustology is preparing special conditions for large investment companies, which make it possible to effectively invest in ETH tokens.

The launch of the ETH 2.0 platform became one of the most iconic events in the cryptocurrency world in 2020. More recently, the developers expressed the readiness of the final test version of the network, which provoked a cost increase by almost 8%. 

What is Ethereum 2.0 client? Are there some of them? Well, various investment companies are already expecting an influx of institutional clients and are preparing special offers for them. For example, one of the investment companies Trustology invites its clients to join the ETH staking program through its own platform.

Earlier, the Dubai investment IBC Group invested $10 million in Ethereum. It bought 20,000 ETHs and transferred them to the Ethereum 2.0 deposit contract for staking purposes. Chairman of the Board of Directors of IBC Group Khurram Shroff said that the company plans to hold the coin at least until its full transition to the second version of the network.

How to buy Ethereum 2.0? Actually, there is no way to buy the Ethereum 2.0 coin since there won’t be a new type of ETH token. Instead, users will deposit ETH to the Ethereum 2.0 deposit contract. Right now, it’s planned to be a one-way, non-reversible transaction.

Which coin is Ethereum 2.0? What other interesting facts do you know? Feel free to share your knowledge in the comments!

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