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'Eth2' was a phrase employed to describe a list of Ethereum protocol upgrades, including the network's transition to evidence of Stake. This expression has because been deprecated in favor of your phrase 'consensus layer'.
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through its PoW section, the Ethereum network utilized the hash algorithm Ethash, a modified Variation of the Dagger-Hashimoto algorithm. Ethash was built to be memory-challenging to prevent the usage of ASICs and encourage the decentralization of mining. on the other hand, the Ethash algorithm was criticized for its higher Power intake and its reliance on GPU mining, which can result in centralization.
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