What is the difference between Eth1 and Eth2?

Understanding the distinction between Eth1 and Eth2 involves examining the CORE aspect of their consensus mechanism. This mechanism is pivotal in confirming transactions and ensuring network security.

Eth1, which represents the current version of Ethereum, relies on a proof of work (PoW) consensus mechanism. This approach involves miners solving complex mathematical puzzles to validate transactions and add them to the blockchain.

In contrast, Eth2, or Ethereum 2.0, introduces a fundamental shift by adopting a proof of stake (PoS) consensus mechanism. Under PoS, validators stake their Ethereum tokens to participate in the consensus process and validate transactions.

The transition from PoW to PoS is expected to bring several benefits, including increased scalability, efficiency, and sustainability. PoS eliminates the need for energy-intensive mining operations, contributing to a more environmentally friendly blockchain.

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