What to expect from ethereum 2.0

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Ethereum base users have over some few months face some complications in conducting fast transaction due to network congestion and quiet large number of users making transaction on the chain. This has led to inconsiderate fee charges from the blockchain network.

With the recent launch of ethereum 2.0 users and holders of the second most recognize crypto currency are expecting some changes as the Blockchain unvails it various phase.

phase 0

Which is solely centered on proof of stake; this phase entails holders of ethereum to be able to connect their device to the ethereum beacon chain and earn some rewards for staking their ethereum.

Proof of stake is a type of consensus mechanisms by which a cryptocurrency blockchain network achieves distributed consensus. In PoS-based cryptocurrencies the creator of the next block is chosen via various combinations of random selection and wealth or age.

Generally this phase is all about locking up ethereum and earning some block reward.

phase 1

Focused on creating "shard chain" theoretically this phase will handle block transaction, with much faster and improve block transactions processed in seconds. This phase will technically be active in 2021 or 2022.

phase 1.5

At this phase convergence of Eth1 and Eth2 blockchain will broadly be usable and active which will improve the blockchain scalability.

Interestingly some high profile exchange platform like coinbase, huobi and kucoin support #Eth2.0 staking for ethereum community members.
Interested user can convert their ethereum to ethereum2.0 on these exchange platform and start staking.

Reference

https://decrypt.co/49992/ethereum-2-0-launches-tomorrow-heres-what-to-expect

https://www.coindesk.com/everything-you-need-to-know-about-ethereum-2-0

https://en.m.wikipedia.org/wiki/Proof_of_stake