An Ethereum 2.0 Proof-of-Stake Testnet Blockchain Is Now Live
An Ethereum (ETH) 2.0 Proof-of-Stake (PoS) testnet beacon blockchain is now live.
Ethereum 2.0 is an upcoming new Ethereum chain featuring improvements in security, scalability, and decentralization. Ethereum 2.0 would not be introduced to the current Ethereum network by means of a hard fork.
The announcement also notes that shards are a core concept behind Ethereum 2.0. In the post, Van Loon explains the advantages of sharding implementation:
“Having shards allows for horizontal scalability of the system, as transactions can be processed in parallel compared to the current Ethereum Proof-of-Work chain.”