Ethereum 2.0 is Dead... Kinda 👀

Stocks and crypto are closely correlated. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.65 (+7.27%) 24 Hour Volume $125.86B (+41.52%) Notable Movers[(ATOM) $35.98]( (+18.84%) Notable Movers (DeFi)[(FTM) $2.35]( (+19.87%) Bitcoin Dominance 41.67 %[(+0.95)]( Bitcoin Price[(BTC) $36,422.06 (+8.43%)]( Ethereum Price[(ETH) $2,427.05 (+7.68%)]( Cardano Price[(ADA) $1,04 (+5.43%)]( Editor's Note Would ETH2 by Any Other Name Still Smell as Sweet? Ethereum 2.0 is getting a new name. According to the Ethereum Foundation, ETH2 is so last year — 2022 is all about the "consensus layer." It’s not too complicated – now, Ethereum 2.0 = consensus layer, while Ethereum 1.0 = execution layer. The reasons for this name change are multifold — to stop scammers from touting fake ETH2 tokens, to fix the misconception that ETH 1.0 disappears when ETH 2.0 is complete and to overall redefine the "mental model" of ETH roadmap. This all makes sense — if Ethereum 1.0, aka the execution layer, will still play a role when the consensus layer launches and proof-of-stake is implemented, then this name change is really all about clarification…..or is it? Could this new name also have a little something to do with the many, many memes and jokes in the ecosystem about the very late, very long overdue (to some) arrival of Ethereum 2.0 (ahem, the consensus layer?) Whether you are house of ETH2 or house of consensus layer — let’s hope that we are able to part with not-so-sweet sorrow to proof-of-work before the year’s end. Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Today’s Top Stories ] bounces back to $36,000]( Bitcoin has managed to break above $36,000 — stemming a painful losing streak that saw prices tumble to $33,184.06 on Monday. The world's biggest cryptocurrency got caught up in a spate of global sell-offs that also affected the stock market. BTC got off lightly when compared with major altcoins, with Ether falling by 25% in a single week. On Monday, Bitcoin was in freefall throughout trading hours in the U.S. and Europe, but it managed to buck the trend once Wall Street opened. 2.0 is dead… kinda]( The term "Ethereum 2.0" is now being retired once and for all. This doesn't mean that the ongoing work to scale the network is being abandoned. It simply means that, from now on, Ethereum 1.0 is being referred to as the "execution layer," while Ethereum 2.0 has been rebranded as the "consensus layer." Developers argue that the use of the phrase Ethereum 2.0 "creates a broken mental model for new users" — and emboldens scammers who attempt to sell coins with no value. plugin blocks Twitter NFTs]( A developer has created a browser extension that allows users to automatically block the profiles of those who have an NFT avatar. Explaining the rationale behind their invention, they wrote: "In short, NFT users are just irritating to be around. People who bought NFTs have to keep hyping other people to buy NFTs or the NFTs they bought will lose value." They went on to argue that NFTs have a "shocking" impact on global warming because of how it largely relies on energy intensive blockchains. plan to sue TrumpCoin]( Donald Trump's son Eric says the family is planning to take legal action against TrumpCoin — six years after the cryptocurrency launched. In a tweet emblazoned with the words "fraud alert," he wrote: "This has NOTHING to do with our family, we do not authorize the use and we are in no way affiliated with this group." The staunch statement drew a rather confused response from those behind TrumpCoin, as the FAQ section of their website has long made this clear. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States