Ethereum 2.0 is a sign of the network’s commitment to innovation, crypto advocate claims By BTC Peers – Investing.com

Ethereum 2.0 is a sign of the network’s commitment to innovation, crypto advocate claims By BTC Peers – Investing.com

Ethereum 2.0 is a sign of the network's commitment to innovation, crypto advocate claims

The 2.0 upgrade which is expected to happen later this year will see the network move from the proof-of-work consensus mechanism into a more efficient proof-of-stake system. Since this announcement was made, a ton of crypto experts have had differing opinions on how it will impact not only Ethereum but the crypto market in general.

The latest of these experts is Shaune Clarke, a renowned digital currency expert. In a recent interview with BTC Peers, Clarke praised the eminent update and stated unequivocally that it is proof of Ethereum's commitment to innovation. Citing security, sustainability, and scalability as cruces, the passionate crypto advocate as he's fondly called himself claims this will make Ethereum a more inclusive platform and not just a store of value with outdated features like .

Taking a dig at Bitcoin and its congested network, Clarke says he expects most miners on Ethereum to segue to the network. The proof-of-stake mechanism as the name implies requires miners to stake ETH if they are to act as validators on the network, the sole reason Smart Billions' CTO Jason Mitchell described it as one not suitable