Currently, Ethereum is the best blockchain for smart contracts. Ethereum is the bedrock for DeFi applications and projects, but Ethereum is due for a much-awaited upgrade I.e, Ethereum 2.0. The launch of 2.0 began with the launch of Beacon Chain on December 1, 2020. Phase 2 of ETH2 consists of the Ethereum network merging with Beacon Chain the 2022’s second quarter.