The first upgrade to Ethereum 2.0 will happen this month, a step closer to denting the competitive advantage of ‘Ethereum Killers’.
- The first upgrade to Ethereum 2.0, the Altair hard fork, is scheduled on October 27.
- It's the first step toward introducing proof-of-stake (PoS) to Ethereum's primary platform.
- The primary competitive advantage that 'Ethereum Killers' like Solana, Cardano, and Avalanche have over the Ethereum blockchain is Proof of Stake (PoS).
Why are ‘Ethereum Killers' concerned about Ethereum 2.0?
|Cryptocurrency ||Rank by market capitalisation||Market capitalisation|
|Avalanche ||13||$13.86 billion|
|Cardano ||4||$73.35 billion|
|Ethereum ||2||$425.51 billion|
|Polkadot ||8||$33.5 billion|
|Solana ||7||$48.02 billion|