The long-planned upgrade to the Ethereum network aims to solve problems with the network’s scalability and security. In its first phase, the blockchain “world computer” will switch to a proof of stake consensus mechanism.
Ethereum, the second-largest cryptocurrency by market cap, is planning a major update to its network.
The Ethereum 2.0 upgrade aims to address the network's scalability and security.
The first phase of the upgrade, due in 2020, will see Ethereum switch to a proof of stake consensus mechanism.