Skip to content

This week in crypto: all eyes on Ethereum 2.0

Harry Hamburg
Harry Hamburg
13 min read
This week in crypto: all eyes on Ethereum 2.0

After the disaster that was last week, let’s start with some good news.

Actually, this news could be better than good. It could transform the world of crypto, and bring many more people into it.

The news is that Ethereum will switch from Proof of Work to Proof of Stake this August (if things go according to plan).

It’s hard to overstate what a big deal this is.

But here are just three of the reasons this will change the game.

  1. Ethereum will move from merely being a growth asset, to one that also provides passive income of roughly 4%-7% per year.
  2. Ethereum will become “green”. Proof of Work (PoW) uses a ton of energy, Proof of Stake (PoS) uses basically none.
  3. People have been waiting for this to happen, and doubting that it ever will, since 2017. This will prove Ethereum is futureproof.

Of course there are many more. But the repercussions of just those three could be huge. This could be the thing that eventually pushes Ethereum past Bitcoin in terms of market cap and popularity.

Back in January 2020 (the year this move to PoS was expected to take place) I listed it as one of three major developments happening that year.

Of course, we now know it didn’t happen. But everything I wrote about it then (aside from the timing) remains true.


Related Posts

Members Public

Polygon (Matic) deep dive: the Big Tech approach to scaling solutions

In December 2021, Ethereum’s Lord and Saviour, Vitalik Buterin, published a blog post called Endgame. In it, he imagined three possible futures for big blockchain projects, but for Ethereum in particular. The way Vitalik sees it, there are three paths to achieve scalability, while maintaining decentralisation and security… which

Polygon (Matic) deep dive: the Big Tech approach to scaling solutions
Members Public

This month in crypto: regulators, mount up!

First of all, congrats if you get the regulate reference. What an all-time classic. But even if you didn’t get the reference, the theme of this month’s issue is probably already obvious. Crypto regulation is happening in a big way. US regulations have been grabbing all the headlines,

This month in crypto: regulators, mount up!
Members Public

Filecoin deep dive: the key to unlocking web3?

If you’ve ever wondered what the hell web3 is, why it matters, or why it has so many people excited, this is the deep dive for you.

Filecoin deep dive: the key to unlocking web3?