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    The Ethereum foundation has posted an Ethereum 2.0 Update

    Ethereum foundation releases second installment of its ETH2 updates including Tonkatsu, modified phase 1 proposal and client developments.

    The Ethereum foundation has posted an update for Ethereum 2.0, or the Serenity update. Serenity aims to switch ethereum to a full proof of stake model while also addressing scalability problems of its network. For developers, they’ll receive access to a new virtual machine for additional coding languages and execution.

    The latest update announced the spec release of v0.9.0 Tonkatsu, which will help accelerate the network’s sharding model, is presently a work in progress.

    The sharding model, called crosslinks, is claimed to simplify the communication model between shards and will drive an overall better experience for both users and developers. Crosslinks builds on top of the original sharding concept, which is a network partitioning technique designed to scale ethereum’s infrastructure while enabling more transactions per second.

    Due to the network design of cross-links the number of total shards of the network must be reduced from 1024 down to 24, with the intention of scaling the network up over the next decade.

    The shard block sizes are also being increased from 16KB to 128 KB, which comes as a result of recent experimental research conducted by the Ethereum Foundation.

    Other work conducted towards Ethereum 2.0 include user clients optimizations and network monitoring tooling.

    Ethereum (ETH) Live Price

    1 ETH/USD =$128.9964 change ~ -0.02%

    Coin Market Cap

    $14.23 Billion

    24 Hour Volume

    $1.92 Billion

    24 Hour VWAP

    $130

    24 Hour Change

    $-0.0241

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    Matthew North
    Matthew North
    Matthew North is a freelance fintech writer from New Zealand. He became enraptured with digital currencies in 2017 and has been writing about them ever since.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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