Ethereum : EVM 1.0 vs EVM 2.0

EVM 2.0 is a major upgrade to the Ethereum Virtual Machine (EVM) that is currently in development. It is designed to improve the performance, scalability, and security of the Ethereum network.

 

Here is a table comparing EVM 1.0 and EVM 2.0:

Feature	EVM 1.0	EVM 2.0
Performance	Slow transaction speed, high gas fees	Faster transaction speed, lower gas fees
Scalability	Limited scalability	Increased scalability
Security	Secure, but could be improved	More secure

 

EVM 2.0 will introduce a number of new features, including:

• Sharding: Sharding will divide the Ethereum network into smaller groups of nodes, called shards. This will allow the network to process more transactions in parallel.
• WebAssembly (WASM) support: WASM support will allow Ethereum smart contracts to be written in a wider variety of languages, including Rust, C++, and Go.
• Improved gas metering: Improved gas metering will make it more efficient to execute smart contracts.
• New cryptography: EVM 2.0 will use new cryptography algorithms that are more secure and efficient.

EVM 2.0 is still under development, but it is expected to be launched in 2024. Once it is launched, it will be a major upgrade to the Ethereum network and will help to make it more scalable, secure, and efficient.

 

Here are some of the benefits of EVM 2.0:

• Faster transaction speed: EVM 2.0 is expected to have a transaction speed of up to 100,000 transactions per second (TPS). This is significantly faster than the current transaction speed of EVM 1.0, which is around 15 TPS.
• Lower gas fees: EVM 2.0 is expected to have lower gas fees than EVM 1.0. This is because EVM 2.0 will be more efficient and will be able to process more transactions in parallel.
• Increased scalability: EVM 2.0 is expected to be more scalable than EVM 1.0. This is because EVM 2.0 will use sharding to divide the Ethereum network into smaller groups of nodes.
• More secure: EVM 2.0 is expected to be more secure than EVM 1.0. This is because EVM 2.0 will use new cryptography algorithms and will be more difficult to attack.

Overall, EVM 2.0 is a major upgrade to the Ethereum Virtual Machine that is expected to improve the performance, scalability, and security of the Ethereum network.