Ethereum transition to PoS postponed again 16

Ethereum transition to PoS postponed again

Updates to Ethereum 2.0 should not be expected in June, as previously suggested

The developers of the second cryptocurrency in terms of Ethereum capitalization are forced to once again postpone the transition to the Proof-of-Stake (PoS) algorithm. Ethereum 2.0 is delayed again. This was announced on Twitter by Tim Beiko, one of the main developers of Ethereum. 

Ethereum transition to PoS postponed again 17

Updates to Ethereum 2.0 should not be expected in June, as previously suggested. It will be delayed for several months. Analysts, however, do not exclude that in a couple of months the developers will again publish another message about the transfer. 

Ethereum transition to PoS postponed again 18

And this is good news for miners. The fact is that now Ethereum works on the Proof-of-Work (PoW) algorithm. To create new blocks, computing power is needed. And crypto miners are rewarded for “mining” Ethereum with the help of video cards.  

After the transition to Ethereum 2.0, staking will be used to earn money, a more environmentally friendly and energy-efficient way to mine cryptocurrencies. It is enough for users to store coins on the Proof-of-Stake (PoS) algorithm to ensure the health of the blockchain. For this they are rewarded.