• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Prepares for Major Upgrade Since The Merge

user avatar

by Giorgi Kostiuk

a year 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During the Devcon conference in Bangkok, Justin Drake stated that the existing Beacon Chain is outdated and requires an update incorporating the latest ideas from the Ethereum roadmap.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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

ECB Supports Centralized Oversight of Crypto Markets

chest

The European Central Bank has backed the EU's proposal to centralize oversight of key financial markets, including crypto, under a single authority.

user avatarAndrew Smith

Circle CRCL Addresses Backlash Over Drift Protocol Exploit

chest

Circle has publicly addressed criticism regarding its response to the exploit of Solana's Drift Protocol, which resulted in a significant loss of funds.

user avatarJacob Williams

HKMA Grants First Stablecoin Licenses to Standard Chartered and HSBC

chest

The Hong Kong Monetary Authority (HKMA) has issued its first stablecoin licenses to Standard Chartered's joint venture and HSBC on April 10, 2025.

user avatarZainab Kamara

XRP Trading Close to Important Support Level.

chest

XRP continues to trade just above the critical support level of 130, with low volatility indicating market indecision.

user avatarTando Nkube

NCA Issues Warning to Crypto Users About Recovery Scams

chest

NCA warns crypto users about recovery scams following recent phishing crackdown.

user avatarSon Min-ho

Crypto Expert Anticipates XRP Price Increase.

chest

A crypto market expert forecasts that XRP could reach a new all-time high, citing the end of its corrective phase.

user avatarKofi Adjeman

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.