Justin Drake Proposes
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Beam Chain Upgrade at Devcon 2024
Blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн researcher Justin Drake unveiled the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Beam Chain concept
during Devcon in Bangkok. This proposed overhaul aims to consolidate several
key advancements in the network.
The proposed Beam Chain will consolidate native support for zero-knowledge
proofs and rapid finality into a single upgrade for the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum network.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Beam Chain to Address Legacy Issues of the Network
Sponsored
Sponsored
Drake described the Beam Chain as a step closer to Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s envisioned final
form. He emphasized that the current Beacon Chain, introduced five years ago,
is outdated.
Significant technological progress has been made since its implementation,
particularly in areas like maximal extractable value (MEV) mitigation and
advancements in zero-knowledge technologies.
“The current beacon chain is kind of old. The specs were frozen five years
ago, and in these five years, so much has happened. Particularly, we have a
much better understanding of MEV (Maximal Extractable Value),” said Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
researcher Justin Drake in Devcon 2024.
Sponsored
Sponsored
Drake highlighted that zk-SNARKs have become more efficient, and
zero-knowledge Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Virtual Machines (zkEVMs) are now operational,
offering enhanced scalability and privacy for blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн applications.
This proposal marks the first major technological vision since the network’s
transition to proof-of-stake over two years ago. The Merge , which replaced
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s energy-intensive proof-of-work model, was the last event to garner
widespread enthusiasm.
While the network has seen incremental updates since then, including
improvements for layer-2 blockchains, the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Beam Chain could unify
future upgrades under a more comprehensive framework. Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Beam Chain
upgrade proposed timeline. Source: Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Foundation
Unlike previous updates, the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Beam Chain proposal suggests bundling
significant changes into one coordinated upgrade every few years while
continuing with annual incremental improvements to address smaller technical
needs.
The Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Networks is Going Through Significant Changes
Sponsored
Sponsored
The Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Beam Chain proposal comes on the back of several upgrade
initiatives for the network. The foundation recently introduced the Mekong
testnet , designed to trial features of the upcoming Pectra fork scheduled for
2025 .
This testnet provides a controlled environment for rigorous testing before
deploying updates to the mainnet. Meanwhile, ENS Labs, responsible for
Ethereum Name Service (ENS), unveiled a layer-2 scaling solution to improve
the performance of blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн-based identity systems.
ETH has also surged in value in the current bull market, gaining 29% over the
past week to hit a three-month high of $3,184. Investor confidence appears
strong , with increased holding times and reduced selling pressure.
At the same time, whale activity on the network has reached a 14-week peak.
Transactions exceeding $1 million have surged to 8,482, reflecting heightened
interest from large-scale investors.
Best crypto platforms in Europe | November 2024
YouHodler Explore
Wirex App Explore
Coinbase Explore
BYDFi Explore
Margex Explore
Best crypto platforms in Europe | November 2024
YouHodler Explore
Wirex App Explore
Coinbase Explore
BYDFi Explore
Margex Explore
Best crypto platforms in Europe | November 2024
YouHodler
Wirex App
Coinbase
BYDFi
Margex
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to
unbiased, transparent reporting. This news article aims to provide accurate,
timely information. However, readers are advised to verify facts independently
and consult with a professional before making any decisions based on this
content. Please note that our Terms and Conditions , Privacy Policy , and
Disclaimers have been updated.