Tether Official Announces Their Plans To Support ETH 2.0

Tether: While the efforts to change the consensus structure of Ethereum continue, explanations continue to come from Ethereum-based projects. On the one hand, while the L2 projects continue to develop, on the other hand, the news from the Ethereum developer team is followed meticulously. So much so that a recent statement Bitfinex and Tether chief technology officer Paulo Ardoino via Twitter ETH 2.0announced that they plan to support .

Tether Will Support ETH 2.0

The merger, which will turn Ethereum into a proof-of-stake (PoS) consensus mechanism, is expected to reduce the electricity consumption of the network by over 99 percent. Chief technology officer of Bitfinex and Tether Paolo Ardoino In a tweet on Sunday, Tether said it plans to support ETH 2.0 amid widespread speculation that the Merge may be delayed once again.

What is Ethereum 2.0 and What Does It Offer?

ETH 2.0 is a long-planned upgrade to the Ethereum network, giving it the scalability and security it needs to serve all of humanity. ETH 2 plans to reduce energy consumption, allow the network to process more transactions, and increase security. Technically speaking, Ethereum will be a Proof of Stake (PoS) blockchain and will introduce shard chains. This is a huge change in the way Ethereum works and could bring equally huge benefits.

For detailed information about Ethereum 2.0, click here.

Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.