Ethereum 2.0 Beacon Chain may speed up enterprise blockchain adoption
Eth2’s rollout could result in enterprises flocking to a more secure and scalable Ethereum network. The highly anticipated security and scalability upgrade to the Ethereum network launched as planned on Dec. 1, marking a huge milestone for the Ethereum community. On the surface, the Eth2 Beacon Chain will help ensure an increase in scalability and capacity across the Ethereum network. However, the initial launch of the Beacon Chain signifies much more than promised network benefits, and could potentially drive enterprise blockchain adoption even further. Corey Petty, chief security lead at....
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On May 25, seven blocks were reorganized on Ethereum’s Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the “current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain.” Ethereum’s Beacon Chain Reorgs While all eyes have been glued to development surrounding Ethereum’s upcoming transition to proof-of-stake (PoS) via The Merge, the chain that will be crucial to the transition, Ethereum’s....
Ethereum co-founder Vitalik Buterin thanked everyone involved with the beacon chain upgrade, which went live yesterday. After years in the making, Ethereum’s proof-of-stake concept is finally a reality. Congrats on the launch all! — vitalik.eth (@VitalikButerin) December 1, 2020 Beacon chain, or Phase 0, represents the first step in a long journey to transition into […]
The Beacon Chain, the backbone of Ethereum's future Proof-of-Stake network, is now live.
The new Ethereum 2.0 roadmap review: What updates have been added, and how soon can they be implemented? On Dec. 2, shortly after the long-awaited release of Ethereum 2.0, platform founder Vitalik Buterin announced an updated roadmap. At first glance, it does not differ much from the previous version from March.However, it brought some clarity on current progress and further stages, giving grounds for estimating how soon a full-fledged transition to proof-of-stake and the launch of sharding can be expected. Just a spoiler: The full implementation of Ethereum 2.0 will not be coming....
The Ethereum blockchain is set to bid farewell to proof-of-work, and welcome proof-of-stake as the mainnet merges with the Beacon Chain. Ethereum's long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoS) is upon us as the Merge looms in less than 10 hours. There's plenty to consider for the wider cryptocurrency space — and here's what you need to know.What is the Merge?The Ethereum blockchain will transition away from its energy-intensive consensus mechanism PoW as its execution layer merges with the new PoS consensus layer known as the Beacon Chain.The Beacon Chain went....