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On 4 August, the Ethereum Foundation announced that 2.0’s final and official public testnet, Medalla, had gone live. The launch of the 2.0 network is now tentatively pencilled in for the end of the year. They say good things come to those who wait, but what exactly is Ethereum 2.0 and why should you care? Let’s take a look at the changes we can expect.



What is Ethereum 2.0?
Ethereum 2.0 has been lauded the most ambitious upgrade the cryptocurrency world has ever seen. Never before has a blockchain of the remarkable size and value of Ethereum’s attempted to transition all users, as well as assets, to an entirely new decentralised network while still keeping all operations on the old network active and running.



While, in the near future, few effects will be felt for Ethereum developers and DApps devs, the final phase of development for Ethereum 2.0 is centred around the creation of a separate proof-of-stake blockchain network called the beacon chain.



Ethereum as we know it will eventually be integrated into the Ethereum 2.0 upgrade in its entirety.
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