Ethereum 1.0 vs 2.0


What is Ethereum?


Ethereum pool mining means coming together of a group of miners to increase their chances of mining in an Ethereum block. The pools vary in the payout and the total support they give to the miners. When the pool finds the block, the winning pool is distributed amongst the pool participants directly related to the mining power.


What is Ethereum 2.0?


Ethereum 2.0, more commonly known as ETH2 and Serenity, is upgraded for the existing Ethereum blockchain. It aims at boosting the security, scalability, speed and efficiency of the existing network for greater sustainability. It is the first upgrade to the Ethereum pool. 


Difference Between Ethereum and Ethereum 2.0


Ethereum is an older version, while Ethereum 2.0, with its advanced technologies, aims at increasing the scalability, speed, and efficiency of the existing network for greater sustainability. The major difference between Ethereum and Ethereum 2.0 is the mechanism on which it stands, and Ethereum uses a proof of work consensus while Ethereum 2.0 uses a proof of stake mechanism. 


The Bottom Line


Ethereum pooling is quite famous, but with advanced Ethereum 2.0 and better security and scalability, it is more efficient than the older version. Talking about the new version covers all the difficulties faced by the older version.