Ethereum Foundation kills ‘ETH 2.0’ in favor of ‘Consensus Layer’ rebrand

The Ethereum Foundation announced that the term “Ethereum 2.0” is being retired in favor of “consensus layer”. The rebrand reflects the fact that what’s been called Ethereum 2.0 is really more of a network upgrade rather than a whole new network.

Ethereum is shifting away from proof of work to a more scalable proof-of-stake chain. But some elements of the current network—mainly at the software client level—are being retained and merged with newer components. Henceforth, ETH1 will be known as the “execution layer” and ETH2 will be the “consensus layer”.