There is an evolution, characteristic of the blockchain and cryptocurrency space. As project creators strive to create the best experience and reach that critical mass where both developers and users can’t get enough of the network, the ball is on Ethereum’s court. The metamorphosis was simply inevitable.
Ethereum’s Istanbul will Open doors for ETH 2
Acknowledging that the smart contracting space has grown by leaps and bounds since Vitalik and team trailblazed and built on the Bitcoin source code, ushering in the age of tokenization, their shift from a Proof-of-Work consensus algorithm to a Proof-of-Stake model, analyst say, will be shaping for the staking world.
Presently, the network is in the early stages of initiation and as they edge closer to Q1 2020 where the implementation of Istanbul will set the ball rolling for Serenity and high throughput, a recent research from Binance is hinting that Ethereum migration could trigger a mass migration from Proof-of-Work systems.
Behind this rationale are the benefits associated with staking and energy efficiency.