This document summarizes the new YARN Timeline Service version 2, which was developed to address scalability, reliability, and usability challenges in version 1. Key highlights of version 2 include a distributed collector architecture for scalable and fault-tolerant writing of timeline data, an entity data model with first-class configuration and metrics support, and metrics aggregation capabilities. It stores data in HBase for scalability and provides a richer REST API for querying. Milestone goals include integration with more frameworks and production readiness.