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Ethereum Development Update: ETH 2.0 — Edge

Ethereum is getting closer to the second generation of its design, known as ETH 2.0.

Ethereum 1.0, like Bitcoin, has used Proof of Work (PoW) for security and consensus. However, the Ethereum community will soon be transitioning away from PoW and will be implementing a Proof of Stake (PoS) algorithm for security and consensus. We wrote about the tradeoffs for both approaches in a previous…

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