Ethereum is Dead: Everything You Need to Know About ETH 2.0

The bear and bull case for Ethereum

Image from Canva

Ethereum is dead.

Somehow that omen doesn’t have the same ring as Bitcoin is dead.

While “Bitcoin is dead” has been championed more than 400 times by mainstream media, that statement is seldom applied to Ethereum, the second-largest cryptocurrency by market cap.

Usually when Bitcoin is pronounced dead we celebrate. It almost always means the price will go up again soon and the media will eat crow. When Ethereum is pronounced dead, I for one panic. There must be an issue, a serious one, and now we’re all fucked.

And this year Ethereum has had a lot to worry about:

• High gas fees (AKA transaction costs for sending ETH) which have led alt-coins like Cardano, Binance Coin, and Polkadot to rise to superstardom.
• Delayed Ethereum upgrades. Which also need to go off flawlessly or else risk loss of more support.
• Unhappy Ethereum miners who don’t want mining to change from a proof of work to a proof of stake.

With Ethereum currently crashing into oblivion, I think it’s a good time to detail out its plans for the next year, and if there is serious cause for alarm.