Ethereum Upgrade: The Unfortunate Truth
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The good news is Ethereum 2.0 is coming soon... the bad news... there’s an unfortunate side to this upgrade. This has led to a barrage of questions... what is Ethereum 2.0? What happens to my existing ETH? And how can I profit from the Eth 2.0 upgrade?
Ethereum is what’s called a general purpose blockchain. A blockchain where other applications called Dapps can be built on top. I like to think of Ethereum as the electric grid.. All of the wires, poles, and electrical substations.
And Ether, the token, is like the electricity running through the grid powering the ecosystem. Transactions of Ether are stored and validated on a ledger, aka the blockchain.
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