eth2990breakingpoint

What is Ethereum (ETH)?
Ethereum is an open-source, globally decentralized computing infrastructure, executing programs referred to as smart contracts.
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Ethereum’s supply was pre-mined (72 million). Among these pre-mined ethers, 60 million were sold during an Initial Coin Offering in 2015.
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Its PoW algorithm is Ethash, an algorithm that was initially designed to prevent ASIC mining. Block time has a target of ~ 15 seconds (with a maximum block size of 1,500,000 gas). Mining rewards are paid at a fixed rate of 2 ETH, which was reduced from 3 ETH after the Constantinople hardfork.
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Ethereum is (quasi) Turing-complete, but every transaction requires gas, whose price fluctuates based on real-time bandwidth use. As a result, transaction fees are a function of storage needs, bandwidth use, and computational complexity. Gas is used to prevent infinite execution of programs; it introduces an execution cap equal to the maximum fees set for a transaction.
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Notwithstanding the lack of details on the implementation of the programmed PoS architecture in the original whitepaper, ETH 2.0 has become one of the most critical, anticipated, and controversial topics in the Ethereum community. Its PoS transition was delayed several times, with subsequent forks to postpone the ignition of the difficulty bomb.
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