Developers and users alike have been waiting very patiently for Ethereum 2.0 to be complete — exasperated by congestion on the blockchain that has led to eye-wateringly high gas fees.
The move to a Proof-of-Stake consensus mechanism has been taking a lot longer than expected, not least because it's a huge technical undertaking. A fitting real-world comparison would be completely rebuilding your house while you continue to live in it.
And with no end in sight to the delays, we've had a rather unexpected update from the Ethereum Foundation: 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."
The blog post's authors went on to stress that the roadmap remains unaffected — and those involved in staking or the operation of validator nodes don't need to take any action.
Source:- https://coinmarketcap.com/alexandria/article/ethereum-2-0-is-dead-well-kinda
