Ethereum 2.0 Staking — How it works
The Ethereum smart contract platform is about to enter the final phase. This is also known as Ethereum 2.0 and essentially describes the transition of Ethereum to a new algorithm. In the future, new blocks of the Ethereum blockchain can no longer be mined but can be created using a particular staking contract. Ethereum 2.0 is scheduled to be launched before the end of 2020, heralding a new era for Ethereum. We take this as an opportunity to explain what staking actually means and how you can participate in the new process in the future.