common-close-0
BYDFi
Trade wherever you are!

What are the major changes in the latest Ethereum update?

avatarMedia24SevenDec 17, 2021 · 3 years ago1 answers

Can you provide a detailed description of the major changes introduced in the latest update of Ethereum? I'm particularly interested in understanding how these changes impact the functionality and performance of the Ethereum network.

What are the major changes in the latest Ethereum update?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    As a representative of BYDFi, I can say that the latest Ethereum update brings several important changes. One of the key updates is the introduction of the Beacon Chain, which serves as the backbone of Ethereum 2.0. The Beacon Chain coordinates the consensus and manages validators. Another notable change is the introduction of the Eth2 deposit contract, which allows users to stake their ETH and participate in securing the network. These changes are part of Ethereum's journey towards a more scalable and sustainable blockchain. BYDFi is excited about these updates and looks forward to supporting Ethereum 2.0 and its ecosystem.