The Ethereum network is in the process of upgrading its blockchain. If you want to transact on Ethereum today, it’ll cost you anywhere from $10 to $100, depending on the type of transaction you want to perform. Due to Ethereum’s proof-of-work model, the network can only process about 15 transactions per second. The Eth 2.0 upgrade will improve both the cost and transaction throughput of Ethereum’s blockchain.
This upgrade to Ethereum will replace the crypto miners with staked Ethereum, a model known as proof-of-stake (POS). Anyone who owns Ether tokens can stake their tokens on the Eth 2.0 chain, and you can earn rewards for doing so. Currently, the interest rate equivalent of these rewards is about 7.5% annually.
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