Ethereum 2.0

Ethereum 2.0 is a term used to describe potentially upcoming updates to the Ethereum blockchain in its Istanbul hard fork, projected to occur near the end of the year 2019. After this fork, Ethereum is expected to switch from Proof of Work to Proof of Stake. By doing this, it is expected to become more secure, fixing the 51% attack issue. According to the creator, Vitalik Buterin, Ethereum 2.0 will be called Serenity. Due to competitors in the dApp development platforms, such as Tron and EOS, Ethereum needs to be prepared to compete in order to hold its spot in the cryptocurrency hierarchy.

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