Ethereum 2.0: The Original Ethereum Will be Gradually Phased Out - Cryptonews

Chronic congestion on the Ethereum network signals vast and growing worldwide adoption, arguably the single most important factor in the long-term success of any cryptocurrency. That’s what has given rise to the likes of Cardano (ADA), EOS (EOS), Tezos (XTZ), and others, all promising to be “new and improved versions of Ethereum.”.

Because according to Ethereum founder Vitalik Buterin, when Version 2.0 is fully implemented, the time required to confirm a transaction will drop from minutes to a meager three to six seconds — about as long as it takes to swipe a credit card. The first Ethereum upgrade is sharding Remember: A blockchain is a database.

Timeline of Cardano, Eos, Ethereum, Tezos