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'Eth2' was a phrase applied to explain a set of Ethereum protocol updates, such as the community's transition to Proof of Stake. This term has considering the fact that been deprecated in favor in the time period 'consensus layer'.
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for the duration of its PoW stage, the Ethereum network made use of the hash algorithm Ethash, a modified version with the Dagger-Hashimoto algorithm. Ethash was made to be memory-tricky to stop the use of ASICs and stimulate the decentralization of mining. having said that, the Ethash algorithm was criticized for its substantial Electrical power usage and its reliance on GPU mining, which can cause centralization.
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