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Ethereum is transitioning from Proof-of-Work (PoW) to Proof-of-Stake (PoS) to address scalability issues. This shift, known as Ethereum 2.0 or Serenity, aims to enhance network efficiency and reduce energy consumption. The Beacon Chain serves as the foundation for this upgrade.
- Ethereum 2.0 transitions from PoW to PoS to improve scalability and reduce energy use.
- Validators must stake 32 ETH to participate in block validation, with rewards up to 6%.
- The Beacon Chain is central to Ethereum 2.0, enabling PoS and future sharding upgrades.
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