Ethereum is in the process of upgrading from Eth1 to Eth2. Rangers Protocol co-founder Jade said that Rangers Protocol will not be affected by this upgrade.
Eth2's Phase 0 "Beacon Chain" went live on December 1, 2020, introducing PoS to the Ethereum network. According to the information on the official website of Ethereum, the phase 1.5 of Eth2 is scheduled to be carried out at some point in the first half of 2022. At that time, the beacon chain will be docked with the main network, and the Eth1 main network will be merged with the Eth2 beacon chain and sharding system, so as to realize The complete transition of the consensus mechanism from PoW to PoS is an extremely important event for the Ethereum community and ecology. But it has little impact on the virtual world-oriented blockchain infrastructure Rangers Protocol.
First of all, Rangers Protocol has REVM, which is fully compatible with Ethereum EVM. The function of REVM is to provide support for asset interoperability and cross-chain. When Ethereum is upgraded, Rangers Protocol will also upgrade REVM simultaneously. Second, Ethereum 2.0 is about improving the speed, efficiency, and scalability of the Ethereum network, enabling it to process more transactions."Different from Ethereum, the goal of Rangers Protocol is to attract developers who are interested in and demand for NFT and complex applications to develop based on Rangers Protocol."Jade, co-founder of Rangers Protocol, said, "In the long run and more importantly, Rangers Protocol hopes to allow more developers in traditional industries to enter the blockchain world and provide them with blockchain services."
From an industry perspective, the upgrade of Ethereum 2.0 has a greater impact on the existing Layer-2 protocols and high-performance public chains such as Near and Solana. The earlier the ecology is established, the greater the impact will be. The suspension of block generation has caused many application developers to worry about their network security and performance. In contrast, the Ethereum upgrade has very little impact on underlying protocols such as Polkadot and Rangers Protocol. Compared with Ethereum and Polkadot, the cooperative relationship between Rangers Protocol and these public chains is more like a connector - to complete the cross-chain interconnection of data and assets of each public chain through Rangers Connector, providing developers and users with cross-chain Serve.
About Rangers Protocol
About Rangers Protocol
Rangers Protocol (Chinese: Rangers Protocol) is a blockchain infrastructure for the future virtual world. It is fully compatible with Ethereum, professionally supports NFT and complex applications, and integrates and expands cross-chain protocols, NFT protocols, EVM protocols, and distributed network protocols.
