Will Ethereum 2.0 change the perception of Korean virtual assets?

The perception of virtual assets that are recognized as a means of 'speculation' is gradually changing. The decline in cash value accelerated by Covid-19 is being transferred to virtual assets including bitcoin (BTC), an alternative asset.

The improvement in awareness of virtual assets is expected to accelerate with the rise of Bitcoin and the release of Ethereum 2.0.

Blockchain is a technology that allows everyone participating in the network to verify the validity of data and record data. As in general, data is not stored on a central server, but is held by a large number of people, so it is difficult to forgery due to hacking. The more participants in the blockchain network, the more reliable and healthy it can grow. Without participants, the blockchain network cannot be maintained.

Vitalik Buterin is the founder of open source Ethereum based on blockchain technology. If Bitcoin is a decentralized 'currency', then Ethereum acts as a 'platform' to create a decentralized service.

Through Ethereum, blockchain services (dApps) in various fields such as finance and distribution can be created. Virtual asset Ethereum (ETH) motivates participants of the Ethereum blockchain network.

In 2014, Vitalik Buterin was selected as the winner of the information technology (IT) software field at the 'World Technology Awards', a Nobel Prize in the field of new technology, overtaking Facebook's Mark Zuckerberg.

Ethereum 2.0 improves the speed, efficiency, and scalability of Ethereum, and it is expected to accelerate the popularization of the blockchain by applying it in various ways in a wider variety of fields.

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