Ethereum is moving away from the “Ethereum 2.0” terminology to the “consensus layer.”
No changes have been made to the particulars of ETH 2.0, however, the rebrand carries several advantages.
On Jan. 24, the Ethereum Foundation announced that the popular moniker “Ethereum 2.0” or “ETH 2.0,” was being deposed in favor of the “consensus layer.” In general, the rebrand does away with the misnomer which previously reflected that Ethereum is abandoning its previous network and migrating to a whole new blockchain.
On the contrary, Ethereum will conduct “The Merge” alongside integrating other upgrades such as sharding – just as planned. That is, Ethereum will migrate from the energy-intensive proof-of-work (PoW) mining algorithm to proof-of-stake (PoS) after merging with the Beacon Chain. Sharding will then be introduced to increase network scalability.
Related: Vitalik Buterin presents a “plausible roadmap” to Ethereum scalability before moving to ETH 2.0
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