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To create an unbeatable Ethereum, two separate updates are in progress. One is the Ethereum 1x and the other is Ethereum 2.0. Raul Jordan, the co-developer of the project, said that before updates are added to Ethereum 1x, it would be better for Ethereum 2.0. Currently, Raul is creating client software for Ethereum 2.0. Because background clients are software implementations written in different languages, users implement these implementations so they can participate in the network.
Jordan insisted that incremental improvements for Ethereum 1x will not affect the long-term roadmap. In his words:
"I think both development groups are somewhat orthogonal, but we need to know what each group is implementing."
The specifications for both development groups are still under preparation. Ethereum 1x will act as an intermediate update focusing on blockchain improvements. On the other hand, Ethereum 2.0 has more ambitious features that originated in 2014. It has to do with fundamental changes to the Ethereum blockchain. Ethereum 2.0 is the same as Serenity, the update that promises to revolutionize the Ethereum blockchain. It's a combination of mainly three different things:
1. Pole test migration
The hallmark of the Serenity update is the migration from proof of work to proof-of-stake. This consent protocol is not as much dependent on energy as the labor-proof protocol.
2. Implementation of Sharding
It also implies the implementation of a new scaling solution known as sharding.
3. Review of the Ethereum virtual machine
Another key component of Ethereum 2.0 is the revamping of the EVM. The Ethereum virtual machine is a component that develops dApp on the Ethereum blockchain. It will be done to work on new programming codes.
The integration of WASM can be tested on the initial roadmap for ethereum 1x will also be part of Ethereum 2.0. However, most of the work related to the construction of ethereum 2.0 will be on a separate project.
Eight teams start the Sprint development
So far, eight development teams around the world have started working on the Ethereum 2.0 project. They are: ChainSafe systems, PegaSys, Harmony, Parity Technologies,
Price Ethereum (ETH) today – BTC / USD
We hope these teams will be able to finish the project on schedule. The upgrade to Ethereum 2.0 will act as a catalyst that will save the price of Eth and the relevance of the blockchain.
Price analysis of Ethereum (ETH)
The price of Ethereum (ETH) needs every thrust it can get right now. At the time of writing, ETH was trading at $ 93.03. This shows that it was down 0.73% from the USD and down 1.16% from BTC. The trading volume over a 24-hour period is $ 1,821,858,636 and the market capitalization is $ 9,648,182,326.
If you consider the fact that ETH was getting ready to reach its all-time high of $ 1,500 this time last year, you might be discouraged. Some analysts say that if BTC and other cryptocurrencies are not coming out of this downward trend early, these price brackets could remain like this in the long run.
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