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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

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  2. Ethereum 2.0: What You Need to Know - Ep.201

Ethereum 2.0: What You Need to Know - Ep.201

Dec 1, 2020

Ryan Watkins and Wilson Withiam, senior research analysts at Messari, explain the nuts and bolts of Ethereum 2.0, including how it will transform ETH as an asset and why they believe it will be Ethereum’s most ambitious upgrade yet. Topics include:

  • the different phases of Ethereum 2.0 and the functions they serve
  • the problems Ethereum hopes to solve with this upgrade
  • the technical requirements needed to ensure the launch can happen
  • the new proof of stake consensus and why Ethereum is leaving proof of work behind
  • the requirements necessary to maintain a validator node on the Ethereum 2.0 network
  • why users won’t be able to use their ETH once it is staked on Ethereum 2.0
  • the incentives and services that will allow users staking on Ethereum 2.0 to continue using their ETH on Ethereum 1.0
  • whether the appeal of DeFi is a threat to Ethereum 2.0 staking
  • how Ethereum 2.0 incentivizes client diversity
  • the monetary policy of “minimum necessary issuance” that supports Ethereum 2.0
  • how Ethereum 2.0 will allow ETH to achieve the unprecedented combination of a store of value, a capital asset, and a commodity
  • what will be done in the short term to help ease the scaling problem while ETH 2.0 is being built
  • whether scalability can be efficiently addressed in time to prevent migrations to other blockchains
  • and the most significant risks Ethereum 2.0 is facing

 

Thank you to our sponsor!

Crypto.com: https://www.crypto.com

 

Episode links:

Ryan Watkins: https://twitter.com/RyanWatkins_

Wilson Withiam: https://twitter.com/wilsonwithiam

 

Messari Crypto: https://messari.io/

 

Messari report on Ethereum 2:0: https://messari.io/road-to-eth2  

 

Amount of ETH in the Ethereum 2.0 Deposit Contract: https://etherscan.io/address/0x00000000219ab540356cBB839Cbe05303d7705Fa#analytics

https://www.stakingrewards.com/earn/ethereum-2-0

 

ETH issuance based on amount staked: https://docs.ethhub.io/ethereum-basics/monetary-policy/#proof-of-stake-impact


Dan Elitzer article on DETH: https://medium.com/ideo-colab/the-deth-of-ethereum-98553866e81b