What is Ethereum erc20 (Ethereum 2.0)
What is Ethereum erc20 What is Ethereum erc20? What are its characteristics, functions, and advantages. According to the latest information, around a week after its release on November 17, 2020 (i.e. the first quarter of 2019), the ERC20 officially entered the production phase
The developers of Ethereum said: “If we want to continue to promote the development of this project, we must build a decentralized network from the basic layer – the so-called” Ethereum 2.0 “. However, there are many problems in the current Ethereum main chain, so the network needs to be upgraded. ”
What does Ethereum 2.0 mean
In fact, Ethereum 2.0 is a fully decentralized and extensible smart contract blockchain. Its purpose is to achieve a consensus mechanism of “sharding” and a secure and efficient payment network. It will support a wider range of applications, including games, etc; In addition, it also includes a series of new features and improvements, such as faster transaction confirmation speed, the ability to perform untrusted transfers, and so on.
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