Proposed changes are examined and agreed upon by Ethereum, a board of editors, developers and the Ethereum community to upgrade the Ethereum network. These are called Ethereum Improvement Proposals or EIPs.
Meta EIPs: These are used to describe requests and actions that aren't related to the network protocol.Networking EIPs: Proposals for improvements to network protocol definitions are known as networking EIPs.Informational EIPs: These are connected to Ethereum's real design standards.follows In addition to the above, there is no difference in the transaction times or average costs in the network. However, miners and node operators must update their Ethereum clients to the current version to prevent continuing with the prior split of Ethereum , which is no longer officially accepted by the community.
The energy consumption of mining in the network will be one of the most significant repercussions of the change . Ethereum's environmental effect will be reduced by 99% thanks to the Ethereum PoS model.After Ethereum switches to the PoS consensus method, mining will be split into smaller, less well-known coins. Just a few examples include Ravencoin and Ethereum Classic.
Source: Digital Coin News (digitalcoinnews.net)
Intriguing..
I hope we'll see ETH 2.0 soon enough. I'm tired of these fees and went to TRON blockchain with USDT. Using it there is way cheaper.
this is very bullish news for BLUZELLE BLZ
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miners will migrate to ravencoin
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