Beacon Chain’s Ethereum 2.0, a long-planned upgrade to the Ethereum network finally launched to improve the network’s scalability, security, and sustainability.
The following Eth2 upgrades will be achieved by different teams in different phases:
- In phase 0, The Beacon chain line on December 01, 2020, at noon
- In phase 1, shard chains will be implemented
- In phase 1.5, Ethereum 1 refers to the Ethereum Mainnet that you transact on today will be merged with the Beacon Chain’s Ethereum 2.0
Beacon Chain, The Backbone of Ethereum
The Beacon Chain is responsible for introducing proof-of-stake to the Ethereum Ecosystem. Proof-of-Staking consensus based on the economic stake of the validator. Currently, you will need to stake 32 ETH to become a full validator.
It is intended to prevent the network from malicious attack however, it is also possible to stake less than 32 ETH. Proof-of-Staking is a more energy-efficient consensus mechanism than Proof-of-Work that works on intensive computation power powered by expensive energy emitting devices.
The upgrade to Ethereum 2.0 will bring scalability through the implementation of sharding, a process of portioning of the blockchain that will limit the nodes to perform the specified tasks to that portion rather than to run every single operation on the network. It will scale the network to be able to extend the existing 30 transactions per second up to 100,000 transactions per second.
The launch of Ethereum 2.0 at the explosion of DeFi will contribute much to ease the load on the Ethereum blockchain, avoiding bottlenecks, reducing the gas transaction fee, speeding up transactions and staking of tokens to maximize returns for liquidity providers.
Alt 5 Pro Partners With CanETH
Alt 5 Pro, a crypto trading exchange, partnered with Canadian-based CanETH, a staking platform to permit its customer access to buying and staking services for Ethereum. Read the full press release here.
The partnership facilitates the staking process for the crypto global community and a golden chance for investors to invest & earn more.
Alt 5 Pro crypto exchange is a leading cryptocurrency exchange & an innovative trading platform that allows investors to buy, sell and manage cryptocurrencies in minutes.
The success of the trading platform is fueled by high speed and affordable transaction fees. It facilitates the users with a user-friendly interface, customizable charts & mobile App.
The growth of the Alt 5 Pro Crypto Trading Platform is attributed by the following features:
- Digital Currency Exchange
- Buy and Sell Digital Assets
- Low rates and competitive prices
- Full trading platform
- Live Market Updates
- Secure and Safe transactions
Trade With The Most Trusted Cryptocurrencies
Alt5pro is a top-rated crypto exchange where users can buy, sell and trade more than 20 digital currencies including Bitcoin (BTC), Bitcoin Cash (BTC). Bitcoin SV (BSV) Ethereum (ETH), Litecoin (LTC), Ripple (XPR), and others. Currently, traders can trade with 18 trading pairs on the exchange.
The popular fiat currencies like USD, CAD, and Euro are used to buy digital assets.
Let’s deep dive to find out the reasons why it is ever the first choice for crypto traders to trade with Alt 5 Pro.
Trade The World’s Markets with Alt 5 Pro
It allows investors to trade a variety of trading instruments such as Cryptocurrencies, Tokens, Stocks, Funds, FX, Commodities, and Assets. Additionally, traders can buy, sell, and hold physical gold and Silver with no storage fees.
It offers a wide range of investment opportunities for investors to trade the trade world’s markets.
AML Compliant Exchange
Alt 5 Pro Trading Platform is AML compliant that maintains the highest level of integrity and actively prohibits money laundering activities by complying with all the regulatory requirements under the Bank Secrecy Act (BSA).
It ensures a safe and secure environment for its users. These are the most compelling features contributed to join the Alt5pro.
Alt 5 Pro is proprietary trading platform and crypto exchange where you can by, sell and hold Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, Ethereum, Ripple and physical gold and silver without storage fees.
Alt 5 Pro: https://alt5pro.com