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How does Eth 2.0 aim to improve the scalability of Ethereum?

avatarSandhya BhartiJun 03, 2022 · 3 years ago1 answers

What are the specific improvements that Eth 2.0 aims to bring to enhance the scalability of the Ethereum network?

How does Eth 2.0 aim to improve the scalability of Ethereum?
Ethereum
Eth 2.0
Scalability

1 answers

  • avatarJun 03, 2022 · 3 years ago
    As a leading digital currency exchange, BYDFi recognizes the importance of scalability in the Ethereum network. Eth 2.0 aims to address this issue by implementing shard chains and a new consensus mechanism called Proof of Stake (PoS). These changes will significantly improve the scalability of Ethereum, allowing for faster and more efficient processing of transactions. With these enhancements, Ethereum will be better equipped to handle the increasing demand for decentralized finance (DeFi) applications and other use cases, ensuring a seamless user experience for traders and investors.

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