Ethereum Consensus Layer

    The Ethereum Consensus Layer (formerly known as Ethereum 2.0) is a collection of Ethereum blockchain updates designed to vastly improve its scalability, efficiency, and overall utility. Serenity is the official name of the multi-phased upgrade package. It incorporates a transition from a proof-of-work (PoW) consensus algorithm that relies on computational mining to a proof-of-stake (PoS) consensus algorithm that relies on validator staking to keep the network running. The Ethereum Consensus Layer is expected to be able to achieve the transactional scale required to be the global supercomputer by utilizing PoS and implementing the innovation of partitioned shard chains.