Ethereum 2.0 and the Proof-of-Stake Revolution: Technical Analysis and Market Implications
Ethereum’s transition to Proof-of-Stake represents one of the most significant technical undertakings in blockchain history. With the Beacon Chain now live and the merge approaching, Ethereum 2.0 promises to address critical issues of scalability, energy consumption, and network security while maintaining backward compatibility for the world’s most active smart contract platform. Understanding Ethereum 2.0 Architecture Multi-Phase Upgrade Strategy Phase 0: Beacon Chain (Launched December 2020) Proof-of-Stake consensus mechanism Validator registration and staking Random beacon for network randomness Foundation for future phases Phase 1: Shard Chains (2022-2023) ...