- The Ethereum Basis just lately launched an replace renaming the terminologies used to differentiate between the proof-of-work chain and the proof-of-stake chain.
- To keep away from future confusion, ETH 1.Zero and ETH 2.Zero will probably be known as the “Execution Layer” and “Consensus Layer” respectively.
- The upcoming improve, which can merge the 2 tiers, is anticipated to be in June 2022.
Ethereum will transfer away from ETH 1.Zero and ETH 2.Zero because the protocol undergoes vital adjustments. Core builders on the community consult with the phases of the blockchain because the “execution layer” and “consensus layer”.
Ethereum is renamed
The Ethereum Basis introduced that the time period ETH 2.Zero will probably be phased out in favor of a change in terminology to “consensus layer”. Ethereum 1.0, which refers back to the Proof-of-Work blockchain, known as the “Execution Layer”.
The renaming of the phrases was accomplished organically to keep away from future confusion as ETH 2.Zero acts as a community improve moderately than a brand new separate protocol. A serious downside with ETH 2.Zero branding is that it creates a “damaged psychological mannequin” for brand new customers on Ethereum.
The Ethereum Basis weblog emphasised that there may very well be confusion if customers assume that ETH 1.Zero comes first and that ETH 2.Zero comes after, or that Ethereum 1.Zero will cease as soon as Ethereum 2.Zero is full. The brand new terminology will save future community customers from confusion.
As a part of its roadmap, Ethereum plans to scale the community decentralized and transfer to proof-of-stake. These efforts have been summarized again in 2018 in a roadmap dubbed ETH 2.0.
The present blockchain operating on proof-of-work, ETH 1.0, would ultimately be migrated to the proof-of-stake Ethereum chain, ETH 2.0.
When the builders of the community began work on what is called Section Zero of Ethereum 2.0, the Beacon Chain, it grew to become clear that the ETH 2.Zero roadmap would take a number of years to be totally accomplished.
The beacon chain ought to take over the consensus processes after the merger of the 2 blockchains. ETH 1.Zero and ETH 2.Zero will probably be recognized collectively as integral elements of the community referred to as “Ethereum”.
The upcoming merger, an improve that can unite the proof-of-work chain with the proof-of-stake chain, is tentatively scheduled for June 2022.