Ethereum has consistently followed a roadmap for its continual evolution to a proof-of-stake consensus protocol, and 2020 saw the groundwork for Ethereum 2.0 soundly laid. The smart contract blockchain has firmly established itself as a platform backed by the second-most valuable cryptocurrency in the world, Ether (ETH), and has become a primary resource for developers to build blockchain-based applications and tools.
The emergence of the decentralized finance sector has been largely built on top of the Ethereum blockchain, adding credence to the platform’s decentralized functionality. The surge in the use of the blockchain has come at a steep price though, as network speed and transaction costs are directly affected as more users and platforms are added to the blockchain. This is a driving force behind the transition to Eth2, which is already underway.
There seems to have been plenty of positive sentiment toward the ongoing shift to Eth2 in 2020, and there’s a sense of great anticipation for the