Ethereum (ETH) 2.0 Breakthroughs Have Been In Place For One Year: Vitalik

Ethereum (ETH) isn’t exactly known for its scalability, despite the fact that it is the second most valuable cryptocurrency in circulation. In fact, during late-2017’s crypto boom, the blockchain was clogged by thousands of transactions pertaining to CryptoKitties, the blockchain collectible fad.

However, according to a recent tweet from Vitailk Buterin, the creator of the blockchain, Ethereum is ready to scale through an upgrade called 2.0 (or Serenity), which will implement Proof of Stake (PoS), sharding, and other technical advancements. As Buterin explained, Serenity could simply be explained as “a way to bring technical improvements, like PoS and sharding, together to improve the Virtual Machine, Merkle Trees, the efficiency of the protocol, and a whole bunch of small technical things that you have never heard of.” Per the industry insider, this is all being done in a bid to create a “next-generation blockchain” to be hundreds of times faster and scalable than Ethereum’s current iteration.

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