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Ethereum 2.0 to boost DeFi, but delayed launch could restore the network
This deposit agreement is the first step that will ultimately lead to the launch of 2.0. If it is considered that the launch will be successful, Ethereum will send the file Headlight chain and introduce proof-of-stake into the ecosystem, which is currently based on proof-of-work, another mining-based consensus algorithm. Shard chain would be the next update to follow Beacon Chain.
Ultimately, the eventual launch of Ethereum 2.0 will have an effect on the decentralized financial market. In 2020, the DeFi sector has grown significantly but has already suffered a slight cooldown. Because of this, there have been claims that DeFi is a bubble that it will soon burst. However, Binance CEO Changpeng Zhao said that despite these signals, DeFi is here to stay and compared these early speculations to the apprehensive stance the community showed towards the ICO bubble in 2017.
Read on on Coin Telegraph
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