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Ethereum 1.0: The initial release of Ethereum, featuring the first implementation of the Ethereum Virtual Machine (EVM) and the ability to create and execute smart contracts.
Ethereum 2.0 (Eth2): This is a major upgrade that aims to transition Ethereum from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism to improve scalability and sustainability. Eth2 was in the process of being rolled out in multiple phases, with the Beacon Chain launching in December 2020.
EIP-1559: Ethereum Improvement Proposal 1559 was implemented in August 2021. It changed the fee structure on the Ethereum network, introducing a new mechanism that aims to make transaction fees more predictable and reduce congestion.
Layer 2 Solutions: Various Layer 2 scaling solutions like Optimistic Rollups and zk-Rollups were being developed to address Ethereum’s scalability issues, making transactions faster and cheaper.
DeFi and NFTs: Ethereum has been a major platform for the development of decentralized finance (DeFi) applications and non-fungible tokens (NFTs), leading to significant growth and innovation in these areas.