Based on the aspects mentioned above, the development phases of Ethereum 2.0 were designed!
Phase-0: PoS Beacon Chain
Ethereum 2.0 evolves with the Beacon chain that supports the PoS mechanism in parallel with the Ethereum chain’s PoW. This inclusion of PoS in the side with the existing PoW concept helps DApp Development Companies to reduce their expenses in restructuring the components.
Phase 1:- Basic Sharding
The data sharding is the process of partitioning the extensive databases to enhance transaction speed and performance. Ethereum 2.0 allows the shard chain to process by synchronizing with Beacon chains.
Phase 2:- EVM State transition functioning
Ethereum 2.0 is crafted to support and execute multiple programming languages that can be of the developer’s choice. Ethereum Virtual Machine(EVM) executes the code of distinct programming languages efficiently and rapidly without any lag.
Phase 3:- Light Client State Protocol
Ethereum 2.0 enhances scalability, security, and distribution of data even at low-capacity environment users. To address the effective PoS and consensus mechanism, Ethereum 2.0 is enhanced with light client state protocol.
Phase 4:- Cross-Shard Transaction
Shard chains must synchronize with beacon chains to perform operations. In advanced levels of transactions, a transaction involving a particular shard must trigger the event or transaction in another one. However, to provide integrity among data shared across the Ethereum network, cross-shard communication is undeniable.
Phase 5: Tight coupling along with main chain sharding
Tight coupling, along with main chain sharding, eradicates the data availability issues. Serenity also focusses on internal fork-free sharding and manager shards with tight coupling.
Phase 6:- Exponential-Sharding
Exponential sharding brings up every transaction to enable an ethereum transaction. This phase helps the ethereum chain to traverse information from PoW to the main chain and sharding.
Ethereum 2.0 revolution is in progress and could hit our daily life within a couple of years. With the evolution of advanced security and efficient features, we could experience the most scalable Ethereum computing platform soon!