Bankless ETH 2.0 AMA with Danny Ryan
Oct 22, 2020
Danny Ryan, ETH2 researcher and coordinator at the Ethereum Foundation, dives into the future of Ethereum. He discusses the transition from Ethereum 1.0 to ETH2, highlighting its enhancements and the role of community validators. Ryan shares insights on crucial specifications, the importance of client diversity, and the challenges of ensuring a secure staking environment. He encourages participation in Ethereum's evolution, revealing how decentralized finance is reshaping the landscape. Tune in for updates on staking opportunities and upcoming ETH events!
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Daruma Doll Analogy
- Danny Ryan uses a one-eyed Daruma doll to represent his goal of shipping ETH 2.0.
- He will color in the other eye and burn it upon completion.
ETH 2.0 as an Upgrade
- The ETH 2.0 upgrade is not a migration but an enhancement of Ethereum's core consensus, like upgrading an operating system.
- The user layer (DeFi, contracts, etc.) remains largely unchanged.
Client Diversity
- Run diverse client software to avoid issues with a single client having too much network share.
- Support the network's resilience by diversifying your own validator setup.