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A DeFi expert breaks down why the shift to Ethereum 2.0 expected to take place next year presents a big opportunity for investors - and shares why she thinks bitcoin will move to being a...

A DeFi expert breaks down why the shift to Ethereum 2.0 expected to take place next year presents a big opportunity for investors - and shares why she thinks bitcoin will move to being a...

Aya Kantorovich.
FalconX




The Ethereum blockchain network is set to undergo substantial updates in early 2022.




This presents investors with an opportunity in ether's price, Aya Kantorovich said.




She listed several reasons why Ethereum 2.0 will be a "massive shift."




See more stories on Insider's business page.


The Ethereum blockchain network is set to undergo substantial updates at a still unfixed date in early 2022. The new version of the network, to be called Ethereum 2.0, is being promoted as faster, more secure, and more environmentally friendly. As such, the shift presents a big opportunity for investors in ether, according to Aya Kantorovich, a decentralized finance (DeFi) expert and the head of institutional coverage at crypto exchange FalconX."It's massive," Kantorovich told Insider on Monday. "I can't emphasize that enough. It is a massive shift." With the move to Ethereum 2.0, the network will become proof-of-stake instead of its current form of proof-of-work. Proof-of-stake uses less energy than proof-of-work, and makes mining more accessible. Less mining is also needed than in proof-of-work depending on how much of a cryptocurrency is "staked," or locked for a period of time.
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