Why Did Ethereum Rebrand ‘Eth2’ As The Consensus Layer?
The Ethereum Foundation has now renamed the conditions Eth1′ and ‘Eth2 to Execution layer and Consensus layer respectively. Asserting the identical, the group guiding ethereum.org printed a blog on January 24 2022 detailing the improve in the terminologies and the good reasons behind it while sustaining the roadmap to scale the blockchain in a decentralized way stays unchanged.
As for every the blog, the ‘execution layer’ previously termed Eth 1. is the Proof-of-Perform consensus product that is nowadays identified as Ethereum. On the other hand, the Proof-of-Stake Beacon Chain, which is slated to just take around consensus procedures following the merging of the two blockchains, will henceforth be known as the ‘consensus layer.’
The vital step in this regard will be the subsequent merge, where the present Proof-of-Do the job chain will unite with the Proof-of-Stake Chain. It is scheduled tentatively for June 2022. But why the title improve?
Here’s why Ethereum made a decision to period out the phrase Eth2
As per the website, one of the important difficulties with the Eth2 branding is that it results in confusion amid new buyers of Ethereum. ‘They intuitively believe that Eth1 arrives very first and Eth2 comes right after. Or that Eth1 ceases to exist after Eth2 exists. Neither of these is legitimate, ‘ the post mentioned. And taking away Eth2 terminology would assist long run users from navigating this ‘confusing mental design.’
Future, it promises that Eth 2. has turned into an inaccurate illustration of Ethereum’s roadmap and the new names deliver an precise photograph that allows content to achieve a broader viewers.
One more very important motive at the rear of the choice to scrap the previous names is to get rid of this scam vector where by tries had been built by malicious actors to use the Eth2 misnomer to idiot consumers by inquiring them to swap their ETH for ‘ETH2’ tokens or telling them they need to by some means migrate their ETH right before the Eth2 improve etc.
Further, the crew aims to deliver clarity to those staking operators who have represented ETH staked on the Beacon Chain with the ‘ETH2’ ticker. On no matter if the update has any result on the Ethereum roadmap, the put up stated,
“It doesn’t! It is critical to comprehend that this renaming represents a adjust in naming only. The options on Ethereum’s present roadmap (i.e. the merge, sharding) and future attributes will nonetheless take place on the same timeline.”
The Ethereum Foundation has now renamed the conditions Eth1′ and ‘Eth2 to Execution layer and Consensus layer respectively. Asserting the identical, the group guiding ethereum.org printed a blog on January 24 2022 detailing the improve in the terminologies and the good reasons behind it while sustaining the roadmap to scale the blockchain in a decentralized way stays unchanged.
As for every the blog, the ‘execution layer’ previously termed Eth 1. is the Proof-of-Perform consensus product that is nowadays identified as Ethereum. On the other hand, the Proof-of-Stake Beacon Chain, which is slated to just take around consensus procedures following the merging of the two blockchains, will henceforth be known as the ‘consensus layer.’
The vital step in this regard will be the subsequent merge, where the present Proof-of-Do the job chain will unite with the Proof-of-Stake Chain. It is scheduled tentatively for June 2022. But why the title improve?
Here’s why Ethereum made a decision to period out the phrase Eth2
As per the website, one of the important difficulties with the Eth2 branding is that it results in confusion amid new buyers of Ethereum. ‘They intuitively believe that Eth1 arrives very first and Eth2 comes right after. Or that Eth1 ceases to exist after Eth2 exists. Neither of these is legitimate, ‘ the post mentioned. And taking away Eth2 terminology would assist long run users from navigating this ‘confusing mental design.’
Future, it promises that Eth 2. has turned into an inaccurate illustration of Ethereum’s roadmap and the new names deliver an precise photograph that allows content to achieve a broader viewers.
One more very important motive at the rear of the choice to scrap the previous names is to get rid of this scam vector where by tries had been built by malicious actors to use the Eth2 misnomer to idiot consumers by inquiring them to swap their ETH for ‘ETH2’ tokens or telling them they need to by some means migrate their ETH right before the Eth2 improve etc.
Further, the crew aims to deliver clarity to those staking operators who have represented ETH staked on the Beacon Chain with the ‘ETH2’ ticker. On no matter if the update has any result on the Ethereum roadmap, the put up stated,
“It doesn’t! It is critical to comprehend that this renaming represents a adjust in naming only. The options on Ethereum’s present roadmap (i.e. the merge, sharding) and future attributes will nonetheless take place on the same timeline.”