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In this episode I read “ETH2 For Dummies” by Grant Hummer. Hummer starts this article by pointing out some of the key differences between ETH2 and ETH1. He describes ETH2’s names as misnomer as he believes ETH2 will be a completely different network with different qualities from ETH1. ETH2 will address ETH1’s biggest problem- significantly increasing transaction throughput without sacrificing decentralization. One of the biggest differences between the two networks is how transactions in the network are validated. ETH1, similarly to Bitcoin, runs on a Proof of Work-based consensus. ETH2 will transfer to Casper Proof of stake, which incentivizes ETH2 validators to be honest via economic incentives by having them post collateral in the form of Ether. ETH2 will roll out in multiple phases and in the article hummer emphasizes the importance of the fi ...
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