{"id":438830,"date":"2022-04-28T18:21:00","date_gmt":"2022-04-28T15:21:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-strives-to-migrate-into-a-brighter-future-report\/"},"modified":"2022-04-28T18:21:00","modified_gmt":"2022-04-28T15:21:00","slug":"ethereum-strives-to-migrate-into-a-brighter-future-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-strives-to-migrate-into-a-brighter-future-report\/","title":{"rendered":"# Ethereum strives to migrate into a brighter future: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2abab90f7b0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2abab90f7b0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-strives-to-migrate-into-a-brighter-future-report\/#%E2%80%9D_Ethereum_strives_to_migrate_into_a_brighter_future_Report_%E2%80%9C\" >&#8221; Ethereum strives to migrate into a brighter future: Report &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-strives-to-migrate-into-a-brighter-future-report\/#New_talk_of_consensus_and_execution_layers\" >New talk of consensus and execution layers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-strives-to-migrate-into-a-brighter-future-report\/#Eth2_%E2%80%94_Understanding_a_nuanced_reality\" >Eth2 \u2014 Understanding a nuanced reality<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Ethereum_strives_to_migrate_into_a_brighter_future_Report_%E2%80%9C\"><\/span>&#8221; Ethereum strives to migrate into a brighter future: Report &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Ethereum 2.0 has been a highly anticipated development in the crypto industry. A recent Cointelegraph research report asks if Ethereum is still on track to defend its crown as the prime network backing the decentralized finance world.<\/p>\n<p>The report cuts through popular misconceptions investors may hold and offers a comparative analysis of Ethereum and its competitors. Meanwhile, the Ethereum foundation rebranded the Eth2 project at the start of this year. Is it trying to manage expectations or educate? <\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_talk_of_consensus_and_execution_layers\"><\/span>New talk of consensus and execution layers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a blog post in January, the Ethereum foundation stated that developers had been moving away from the Eth1-Eth2 terminology since late 2021. Instead, Eth1 will now be called the \u201cexecution layer\u201d and Eth2 the \u201cconsensus layer.\u201d This is not a minor twist toward more technical language. It is an attempt at expectation management due to common misconceptions.<\/p>\n<p>For people only superficially familiar with Ethereum, the name Eth2 might suggest there will be a single large update that magically fixes the problems and notoriously high gas fees by switching from an energy-intensive proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). However, this is a dangerous oversimplification.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/df746b14-90fb-404f-9104-a82a09a07598.jpg\"><\/figure>\n<p>The free scaling report published by Cointelegraph Research provides a sound overview of Eth2. It gives detailed information on the planned technical updates and what they mean for Ethereum\u2019s developers, competitors, and investors. The report is free to access on the Cointelegraph Report Terminal.<\/p>\n<p class=\"post-content__accent post-content__accent_small\"><em><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">Download<\/a> the full report here, complete with charts and infographics.<\/em><\/p>\n<p>The complexity and risk of migrating a multi-billion dollar blockchain project from one consensus mechanism to another have meant that the roll-out of Eth2 has been slower than expected and the Ethereum foundation initially gave no definite timeline. In the meantime, up-and-coming competitors with scalable projects have been vying to take away market share from Ethereum.<\/p>\n<p>The report also assesses these challenges in detail. On 74 pages, it offers a comparative analysis of the major players such as Solana, Polkadot, Algorand and Radix which are trying to snatch the top spot in DeFi. Curated by our industry-leading team of researchers, it provides a balanced view of the big picture and manages to cut through the noise of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> and the daily press. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/6ad5f24f-9842-4c18-aa14-87958c4c2049.jpg\"><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Eth2_%E2%80%94_Understanding_a_nuanced_reality\"><\/span>Eth2 \u2014 Understanding a nuanced reality<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The switch from Eth1 to Eth2 is better thought of as a carefully engineered <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of upgrades that will slowly transition the blockchain to its envisioned future. Eth2\u2019s main chain, the PoS Beacon chain, was already launched in December 2020. The merging of Eth1 with the Beacon chain is expected in Q2 or Q3 of 2022.<\/p>\n<p>Although to a casual observer this might mean that all of Ethereum\u2019s problems will be solved, the update later this year is not likely to have a big impact on gas fees or the capacity of the network. While PoS will significantly reduce the energy consumption of Ethereum, improved scalability will only come once data sharding is introduced in 2023. Sharding was initially going to happen before the merge but has been delayed under the new timeline. The official rationale for this is that scalability is now a lesser priority because layer-2 solutions have become available.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template><\/p>\n<p>The new terminology of \u201cconsensus layer\u201d and \u201cexecution layer\u201d seeks to banish talk of a mythical point in time when Ethereum\u2019s problems will instantaneously disappear. Associating Eth1 with the consensus layer and Eth2 strictly with the execution layer also shifts the focus from the third so-called data availability layer that would have been subject to the delayed data sharding update. <\/p>\n<p>With the merge scheduled for later this year, it may be tempting to think that the days of alternative decentralized finance (DeFi) blockchains are numbered. However, it is important for investors not to jump to conclusions prematurely. As Eth2 will not be an instantaneous magic fix, keeping track of the competitive landscape remains invaluable.<\/p>\n<p><em>This article is for information purposes only and represents neither investment advice nor an investment analysis or an invitation to buy or sell financial instruments. Specifically, the document does not serve as a substitute for individual investment or other advice.<\/em><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-strives-to-migrate-into-a-brighter-future-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Ethereum strives to migrate into a brighter future: Report &#8220; Ethereum 2.0 has been a highly anticipated development in the crypto industry. A recent Cointelegraph research report asks if Ethereum is still on track to defend its crown as the prime network backing the decentralized finance world. The report cuts through popular misconceptions investors&#8230;<\/p>\n","protected":false},"author":1,"featured_media":438831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvOWRhOTIyZGQtNDE3Mi00N2M2LThkZjEtYjYyMGIyZDhjOGUzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75952,74891,75326],"class_list":["post-438830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cointelegraph-consulting","tag-ethereum","tag-ethereum-2-0"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=438830"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/438831"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=438830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=438830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=438830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}