Ethereum Prepares for Major Upgrade Since The Merge

user avatar

by Giorgi Kostiuk

2 years ago

Ethereum Foundation researcher Justin Drake proposed a major redesign of the network's consensus layer called 'Beam Chain'.

Beam Chain Redesign: Proposal Details

During the Devcon conference in Bangkok, Justin Drake stated that the existing Beacon Chain is outdated and requires an update incorporating the latest ideas from the Ethereum roadmap. The update aims to accelerate block times, enhance post-quantum security, and reduce the minimum stake for validators from 32 ETH to 1.

Investment Moves Amid Proposals

The redesign proposal coincided with a second consecutive day of inflows into US spot Ethereum ETFs. Recently, $295.5 million were registered on Monday, followed by an additional $135.9 million on Tuesday, according to Farside Investors data.

Expectations and Challenges for the New Update

Drake mentioned that the redesign deployment requires community approval. The use of SNARK technology will address errors in the current Beacon Chain design. However, this process could take significant time due to implementation complexity and necessary approval.

The redesign of Ethereum's consensus layer promises significant improvements but requires serious preparation and community support.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Dogecoin Achieves 214% Gain in August

chest

Dogecoin recorded its strongest monthly performance of the year with a 214% gain in August, regaining market attention.

user avatarBayarjavkhlan Ganbaatar

BNB Chain Reports Growth in New dApps for August

chest

BNB Chain's August update highlights significant growth in decentralized applications, indicating a healthy ecosystem beyond just BNB price movements.

user avatarMohamed Farouk

Challenges Ahead for Solana Mobile's SKR Token

chest

Challenges Ahead for Solana Mobile's SKR Token

user avatarElias Mukuru

SKR Token Emerges as Top Performer in Crypto Market

chest

Solana Mobiles SKR token has gained significant attention, becoming one of the strongest weekly performers among the top 200 crypto assets.

user avatarDiego Alvarez

Kalshi Issues Lifetime Ban to George Santos for Manipulating Prediction Market

chest

Kalshi has permanently banned former Rep George Santos for manipulating a market tied to his attendance at the State of the Union address, profiting nearly $18,000.

user avatarKenji Takahashi

Sberbank Prepares for Crypto Trading Boom with New Digital Asset Rules

chest

Sberbank anticipates a surge in cryptocurrency trading in Russia following the implementation of new digital asset regulations, planning to accept Ethereum and Tether as collateral for loans.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.