Marek Piiskop

The Death of Ethereum Mining

Ethereum is a world computer that is able to execute peer-to-peer smart contracts. The best way to understand how Ethereum works is to visualize it like this: think of Ethereum as the OS of the Internet and Ether (ETH) as the native currency of this OS. The second version of Ethereum, commonly known as “”Ethereum 2.0” will be much more than a simple upgrade. New features will allow users to build decentralized applications on top of Ethereum in new ways, while also making it faster and lighter — perfect for IoT devices. So what exactly are these new features? Let’s find out!