If you’re not familiar with what this entails, you can read about it here
For today, however, I want to share one great benefit that Ethereum 2.0 will bring to investors.
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Ethereum will soon pay investors a passive income!
Right now, Ethereum has low transactions per second (TPS), not much built-in privacy and relies on “miners” for security.
The goal with Ethereum 2.0 is for the crypto to support thousands of TPS, have easy privacy options and rely on “stakers” for security.
It’s already progressing nicely with privacy features and transaction speeds. The next thing is the switch from miners to stakers.
What this means is, anyone who holds Ethereum will be able to get a passive income for simply holding and staking their Ethereum.
This means, Ethereum will now offer investors growth and a passive income.
So when is this happening?
It’s rolling out over the course of this year, with “phase zero” confirmed for “early 2020”.
Once this phase has been tested, it should be rolling out in full by the end of 2020.
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What does this mean for Ethereum investors?
Not only does Ethereum have massive growth potential, it will generate a passive income - which is what many investors love!
So Ethereum 2.0 will bring in big interest from income-seeking investors and institutions. The more Ethereum is locked up by people seeking a passive income, the less will be available for trading.
And so, thanks to the laws of supply and demand, the price is likely to go up.
Potentially a lot!
But there’s another major break-through Ethereum 2.0 will achieve…Scaling.
Ethereum’s goal is to become “the world computer”. And to do that, it needs to be able to process much more than the 15 or so TPS it was maxing out at until very recently.
However, thanks to Ethereum’s recent system upgrade, it can process thousands of TPS.
And Ethereum 2.0 is going to process “tens of thousands of transactions per second” according to Ethereum’s founder, Vitalik Buterin.
And it will do it in a much more user-friendly way.
To finish off, here’s what Buterin, said about Ethereum 2.0 back in September 2019:
“Blockchains as they currently exist are in many ways a joke, right? Like 15 transactions per second… you’re not going to run the world economy on top of that… So, I’m definitely just really excited about turning Ethereum into a system that we can really, fully be proud of.
Ethereum 1.0 is a couple of people’s scrappy attempt to build the world computer; Ethereum 2.0 will actually be the world computer.”
In short, now’s a good time to be an Ethereum investor.
See you next week.
Managing Editor, The South African Investor
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