Why is Ethereum price dumping? What is the future like for ETH price?
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Ethereum 2.0 is a new version of the Ethereum blockchain that will use a proof of stake consensus mechanism to verify transactions via staking, rather than proof of work.
Ethereum 2.0’s staking mechanism will replace the proof of work model where cryptocurrency miners use high-powered computers to complete complex mathematical functions known as hashes. The mining process requires an ever-increasing amount of electricity to verify Ethereum transactions before they are recorded on the public blockchain.
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