Cryptocurrency Q&A What is the difference between ETH and Eth2?

What is the difference between ETH and Eth2?

Nicolo Nicolo Thu Nov 14 2024 | 6 answers 1217
I'm trying to understand the distinction between ETH and Eth2. I know they are both related to Ethereum, but I'm confused about how they differ from each other in terms of their functionality and purpose within the Ethereum ecosystem. What is the difference between ETH and Eth2?

6 answers

KatanaBlade KatanaBlade Fri Nov 15 2024
Ethereum 2.0 will shift to a Proof of Stake (PoS) consensus algorithm.

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ZenBalance ZenBalance Fri Nov 15 2024
Ethereum is currently utilizing a Proof of Work (PoW) consensus algorithm.

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mia_harrison_painter mia_harrison_painter Fri Nov 15 2024
PoS is considered more energy-efficient than PoW.

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Dario Dario Fri Nov 15 2024
This PoW algorithm demands substantial computational power.

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CherryBlossomGrace CherryBlossomGrace Fri Nov 15 2024
The use of computational power in PoW leads to high energy consumption.

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