Post
Topic
Board Altcoin Discussion
Re: Ethereum update
by
guydin
on 31/08/2019, 20:46:46 UTC
I heard Ethereum will be updated to Ethereum 2 in early 2020.
I would appreciate you if you answer my questions.
1. Will there be a fork like we had for bitcoin cash? Or we will have to deposit our Ethereums to an address to get ETH2 in a new address? Or our Ethereum will be updated automatically?
2. What do you think about regulations? Is it possible that we will be forced to pass KYC to get ETH2?


No fork will happen. Ethereum core innovation is the transition to a new proof-of-stake algorithm. Additionally, the sharding solution used in the system will be updated. Due to this, participants will be able to scale faster and more efficiently.

It is planned that Ether 2.0 will be able to process faster in the system, and the number of transactions per second will be increased greatly.