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Ethereum Rebrands to Restrict Scams and Keep away from Confusion

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It is a change that may undoubtedly be appreciated by cryptocurrency neophytes.

Ethereum, thought of the second-generation blockchain, has determined to rebrand the Ethereum 1.0 (ETH 1.0) and Ethereum 2.0 (ETH 2.0) terminology.

To any extent further, Ethereum 1.0 (ETH 1.) might be referred as as Ethereum’s “execution layer”, and Ethereum 2.0 as “consensus layer,” in response to a blog post of The Ethereum Foundation, a non-profit group devoted to supporting Ethereum and associated applied sciences.

“One main drawback with the Eth2 branding is that it creates a damaged psychological mannequin for brand spanking new customers of Ethereum. They intuitively assume that Eth1 comes first and Eth2 comes after. Or that Eth1 ceases to exist as soon as Eth2 exists. Neither of those is true. By eradicating Eth2 terminology, we save all future customers from navigating this complicated psychological mannequin,” defined The Ethereum Basis.




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