The Shanghai Upgrade, the final phase of the Ethereum 2.0 upgrade, is scheduled to be released in April 2024.Īs the second-largest cryptocurrency after Bitcoin, Ethereum's market cap reflects its significance in the crypto world. This upgrade has improved the network's security, scalability, and energy efficiency. The Ethereum 2.0 upgrade, which began in December 2020, replaced the proof-of-work (PoW) consensus algorithm with a proof-of-stake (PoS) algorithm. ![]() Launched in 2015 by a group of eight co-founders, including Vitalik Buterin, Ethereum has become a global platform for decentralized applications (dApps), with many developers rushing to learn the Solidity programming language to write smart contracts.Įthereum also hosts other cryptocurrencies called "tokens" through its ERC-20 compatibility standard, making it a popular platform for launching new cryptocurrencies.
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