Could The Ethereum 2.0 Upgrade Lead To The Flippening?

Written by ASchreibman | Published 2020/07/04
Tech Story Tags: cryptocurrency | ethereum | blockchain | finance | ethereum-blockchain | ethereum-top-story | ethereum-2.0 | hackernoon-top-story

TLDR The second-largest cryptocurrency in the world is implementing a network upgrade, which completely changes its value proposition as a financial asset. One of the main criticisms of Cryptocurrencies from the investment community has been that they do not generate any future cash flows and hence can’t be considered as an investment. The release called Eth 2.0 or Casper proposes to introduce Proof of Stake consensus mechanism. In a PoS mechanism, the validators (known as “miners”) spend energy solving mathematical puzzles and get rewarded with Bitcoins for the work they have done.via the TL;DR App

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Written by ASchreibman | Old School Finance meets Hard Core Blockchain
Published by HackerNoon on 2020/07/04