Why did Ethereum rebrand ‘Eth2’ as the Consensus layer?

You are here: Home / News / Altcoin News / Why did Ethereum rebrand ‘Eth2’ as the Consensus layer?

Why did Ethereum rebrand 'Eth2' as the Consensus layer?

by

The Ethereum Foundation has now renamed the terms Eth1′ and ‘Eth2 to Execution layer and Consensus layer respectively. Announcing the same, the team behind ethereum.org published a blog on January 24 2022 detailing the change in the terminologies and the reasons behind it while maintaining the roadmap to scale the blockchain in a decentralized way remains unchanged.

As per the blog, the ‘execution layer’ previously called Eth 1.0 is the Proof-of-Work consensus model that is today called Ethereum. On the other hand, the Proof-of-Stake Beacon Chain, which is slated to take over consensus processes after the merging of the two blockchains, will henceforth be known as the ‘consensus layer.’

The crucial step in this regard will be the next merge, where the existing Proof-of-Work chain will unite with the Proof-of-Stake Chain. It is scheduled tentatively for June 2022. But why the name change?

Here’s why Ethereum decided to phase out the term Eth2

As per the blog, one of the major problems with the Eth2 branding is that it creates confusion among new users of Ethereum. ‘They intuitively think that Eth1 comes first and Eth2 comes after. Or that Eth1 ceases to exist once Eth2 exists. Neither of these is true, ‘ the post stated. And removing Eth2 terminology would help future users from navigating this ‘confusing mental model.’

Next, it claims that Eth 2.0 has turned into an inaccurate representation of Ethereum’s roadmap and the new names provide an accurate picture that allows content to reach a broader audience.

Another crucial reason behind the decision to scrap the old names is to eliminate this scam vector where attempts were made by malicious actors to use the Eth2 misnomer to fool users by asking them to swap their ETH for ‘ETH2’ tokens or telling them they must somehow migrate their ETH before the Eth2 upgrade etc.

Further, the team aims to provide clarity to those staking operators who have represented ETH staked on the Beacon Chain with the ‘ETH2’ ticker. On whether the update has any effect on the Ethereum roadmap, the post stated,

“It doesn’t! It’s important to understand that this renaming represents a change in naming only. The features on Ethereum’s current roadmap (i.e. the mergesharding) and future features will still happen on the same timeline.”

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Construction supply woes ease as new orders boom thumbnail

Construction supply woes ease as new orders boom

The bellwether Markit/CIPS UK Construction PMI Total Activity Index contained the double dose of good news despite overall growth slipping slightly to 54.3% from 55.55% in November – still well ahead of the crucial 50 no-change threshold. An improved alignment between demand and supply helped to soften inflationary pressures at the end of 2021. Purchasing…
Read More
«Qu'est-ce qui était vrai dans votre vie ?» : au procès Lelandais, la personnalité trouble de l'accusé thumbnail

«Qu’est-ce qui était vrai dans votre vie ?» : au procès Lelandais, la personnalité trouble de l’accusé

Réservé aux abonnés Par Esther PaoliniPublié le 02/02/2022 à 20:50, Mis à jour le 04/02/2022 à 07:31 Nordahl Lelandais comparaît aux assises de l'Isère jusqu'au 18 février 2022. MARIE WILLIAMS / AFPCOMPTE RENDU D'AUDIENCE - Durant cinq heures d'interrogatoire, la cour d'assises de l'Isère a tenté de comprendre qui était l'homme caché derrière une montagne de…
Read More
This disease could affect more than 150 million people in a few decades thumbnail

This disease could affect more than 150 million people in a few decades

Portfolio 2022. január 09. 09:00 A szakértők figyelmeztetnek, hogy 2050-re globálisan több mint 153 millió ember szenvedhet demenciában, szemben a 2019-es 57 millióval. Az előre jelzett növekedés hátterében nagyrészt a népesség elöregedése és növekedése áll. Ugyanakkor ehhez az egészségtelen életmód is hozzájárul a The Lancet Public Health folyóiratban megjelent tanulmány szerint. A kutatók úgy látják,…
Read More
Index Of News
Total
0
Share