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dmihal | 5 years ago

Short answer: no, there's only one Ethereum and one ETH asset

Long answer: The beacon chain _will_ run in parallel until the two chains are merged. Until that time, ETH in the Beacon Chain isn't transferable, so effectively not a separate asset.

However, exchanges are offering Eth2 staking derivatives which they're branding as "ETH2". But it should be remembered that this is a derivative, not a separate M0 asset.

discuss

andrewla|5 years ago

Well, the expectation is that compliant clients will only respect transactions on Eth2 at some point and will no longer consider new blocks on Eth1 valid.

At any point in time, of course, any node or set of nodes can declare a fork in the chain to be invalid and reorganize on another chain. That's what happened with Ethereum Classic and it could happen again. I think less likely unless there's a vulnerability discovered in Eth2, though.

Also less likely because in some ways the Ethereum Classic incident helped cement Ethereum's place by scaring off all the ideologues and keeping the participants who were more pragmatic.