UTC-05:00,Sunday , September 27th 2020

Ethereum 2.0 Transition Is Approaching, Serenity Phase 0 Proposal Submitted

02:44 Wednesday , September 16th 2020
Danny Ryan, a core developer at the Ethereum Foundation, has officially submitted a proposal, which will see the Ethereum blockchain moving to a proof-of-stake (PoS) consensus mechanism from the current proof-of-work (PoW) algorithm.
The proposal, once approved by Ethereum core developers, will see the rollout of Serenity Phase 0 or the Beacon Chain that will mark the execution of PoS. It is expected to go live later this year or early next year.
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