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During the Devcon conference in Bangkok, Justin Drake stated that the existing Beacon Chain is outdated and requires an update incorporating the latest ideas from the Ethereum roadmap.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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Visa, BILL, and Billtrust Pilot AI Agents for Invoice Payments

Visa, BILL, and Billtrust have launched a pilot program to use AI agents for automating approved invoice payments through supplier portals.

user avatarZainab Kamara

Visa Introduces Stablecoin-Enabled Prefunding with Inyo Global

Visa has launched its stablecoin-enabled Visa Direct prefunding service in collaboration with Inyo Global, enhancing international money transfer efficiency.

user avatarSon Min-ho

Ripple Prime Introduces Perpetual Swaps for Institutional Clients

Ripple Prime introduces perpetual swaps for institutional clients, allowing them to trade derivatives referencing over 100 traditional markets.

user avatarAyman Ben Youssef

Ripple Highlights Key Trends in Institutional Custody from BCG Report

Ripple discusses key trends in institutional custody for digital assets based on a BCG report, highlighting the importance of governance, interoperability, and security.

user avatarTando Nkube

Solana Enhances Developer Experience with Web3js v31 Release

Solana announces the release of Web3js v31 on October 16, enhancing interoperability with development tools for easier application building.

user avatarKofi Adjeman

Study Proposes Optimizing Validator Leader Schedules for Solana

A study suggests optimizing validator leader schedules for quicker handovers while highlighting potential security tradeoffs.

user avatarNguyen Van Long

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.