Id you are in crypto industry for a while, you have definitely heard about Ethereum, one of the oldest and biggest cryptocurrencies ever created. Generally speaking the second crypto currency of all time. Back in 2017 some people were sure that ETH will overcome BTC and will be Nr.1 crypto in the industry, but obviously it is still too early, BTC is far too big.
So what is Ethereum? Ethereum is an altcoin, a different type of crypto currency than BTC. But among things ETH and BTC have in common is that both of these crypto currencies are mineable and this is exactly the thing that ETH 2.0 should change. Their team is switching from Proof of Work (mining) to Proof of Stake (staking), which means that regular users with certain amount of Ethereum will be able to stake those coins. So why does ETH want to implement this change? There are a lot of reasons why Proof of Stake is more effective as Proof of Work, but here are the two most important ones:
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