‘Ethereum’ vs ‘Eth 2’: What’s in a Name?

Posted on by American Coins & Gold

‘Ethereum’ vs ‘Eth 2’: What’s in a Name?
The Ethereum Foundation announced in a blog post that it is nearly time to put an end to “ETH2” and the nomenclature that seems to separate the proof-of-stake chain from the proof-of-work chain. While it made sense when Ethereum’s roadmap looked to build out a separate proof-of-stake chain and simultaneously destroy the proof-of-work chain as we know it, the roadmap now involves a Merge between Eth 1 and Eth 2, pairing the current execution (application) layer on the proof-of-work chain with the consensus layer of the Beacon Chain.In the foundation’s own words:Eth 1 → execution layerEth 2 → consensus layerExecution…