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Prysmatic Labs will stop publicly using the phrase “Ethereum 2.0”. Should the rest of the community follow?

Yesterday’s blog post from Prysmatic Labs (the team behind the most popular Eth2 client) mentioned this:

> Over the past few years, the set of changes being done to Ethereum’s consensus and its future adopted the name “Eth2” or “Ethereum 2.0” as a convenient way to separate it from the current work done on Ethereum core dev, which mostly concerns proof-of-work clients. As time went on, the name has become quite popular. However, as we get closer to “the merge” of Ethereum proof-of-work and proof-of-stake, we want to question the utility of the term. We are very concerned for newcomers to Ethereum questioning why there is an eth2 after the merge is completed. We believe after the merge:
>
> * There is no Ethereum 2.0 beacon chain, there is only the Ethereum beacon chain
> * There is no Ethereum 2.0 cryptocurrency, there is only ETH
> * There is no difference Ethereum 1.0 and 2.0 for end users
> * Ethereum 2.0 core dev is just Ethereum coredev
>
> In essence, we believe it is in the best interest of the future of Ethereum to just call it what it is. We want to avoid anyone asking “should I buy this ETH2 coin on this exchange vs. ETH?”. The way people interact with Ethereum post-merge will be identical to Ethereum today. Using the term eth2 for end users implies there is a difference between eth and eth2 when there is none after the merge. Making it seem like there is a new asset enables scammers to create a dangerous user experience for beginners.

https://medium.com/prysmatic-labs/prysmatic-labs-june-ethereum-development-update-fd6d415ecc70

I do think the “Ethereum 2.0” name is very misleading, since it’s basically just a marketing term to refer to a whole bunch of changes, and it’s like every day I see someone asking “will I have to sell my ETH to buy ETH2?”.

At the same time, the term is so popular, it might be hard to escape it.

What do you think about this?

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11 Comments

  1. I’m torn both ways on this because for novice cryptonians they may think that this is a replacement for Ethereum and scare them away, considering how many people don’t do their own research. On the other hand there are the ones that do their own research and will see that Ethereum 2.0 is just a huge upgrade and will get excited as hell like I am and buy more ETH.

  2. So the thing is, this really became a mess. Normally you’d argue that we should communicate better that Ethereum 2.0 is an update to ethereum rather than a entirely new thing. Like iOS 15 is not an entirely new operating system but just an update to iOS. On the other hand, exchanges and staking services started new tickers for eth2 ether further fueling the confusion for users who we try to desperatly explain that their old eth is still ether on eth 2.0.
    I’m honestly torn but it’s probably the best way in any of the two scenarios to just ditch the Ethereum 2.0 name since the confusion has already happened and come up with a new term. Maybe go back to the roots and call it the Ethereum Serenity update? Or ditch the dot O like it’s the next ethereum killer and just call it Ethereum 2 like with mobile OS releases.

  3. Its a very big change and calling it just Ethereum as usual will not be fair for the “new” ETH.

    Whatever we name it, it will be understood by “some” as another coin. I remember when I first heard the term Eth 2.0.
    ” Oooh!, a completely new and improved version is coming!.That”s great!”

    Hearing Eth 2.0 still excites me. It implies that groundbreaking changes are coming!

    Eth 2.0 name is very good for marketing imo.

  4. I doubt it will stop being called Eth 2.0. However, calling it the “Eth 2.0 Upgrade” would be more accurate, and align with the way all other upgrades are referred to.

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