55% completion of Ethereum 2.0 means an unfinished product

xuanling11
Coinmonks
4 min readJul 21, 2022

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Photo by Shubham Dhage on Unsplash

Ethereum is a popular cryptocurrency and digital token that can be used to build decentralized applications. However, its primary use case as of late has been in the Ethereum platform itself. Ethereum is a public blockchain-based platform that can be used to build decentralized applications such as smart contracts. Smart contracts are computer programs that run on a virtual machine called an “Ethereum node,” where users execute them and are weighed down by various transaction costs. This means Ethereum users must have access to a computer with enough processing power to execute their smart contracts. Otherwise, they risk running into problems during the operation. This issue is particularly concerning for people who want to build decentralized applications with Ethereum because it limits the number of transactions possible each second on the system to around 25 transactions per second. This means that Ethereum cannot scale up its current use cases without an efficient technology behind it, as other blockchains have done over time, such as Bitcoin. Apparently, Ethereum is an unfinished product.

Ethereum Platform and Functionality

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