Ethereum Foundation Kills 'ETH 2.0' in Favor of 'Consensus Layer' Rebrand
Together, the two layers will merge into just plain ol' Ethereum after the consensus layer is ready to replace the current mining system. As the Ethereum Foundation, a nonprofit that helps coordinate and fund technical developments on the Ethereum blockchain, notes in its blog post, this shift all came about organically.
The beacon chain was ready well before other elements of Ethereum 2.0, all of which prompted what the foundation calls "a revival of research initiatives on the proof-of-work chain."
