Ethereum Researcher Justin Drake Introduces Beam Chain a Total Redesign of the Networks

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=7xVv-gw8zdQ

The Beam Chain groups a number of big-ticket upgrades, including native zero-knowledge proof support and fast finality, into a single Ethereum upgrade. • It's been over two years since Ethereum's community last rallied behind a big tech event. That event—the so-called Ethereum merge—marked the network's long-awaited shift to a new, more eco-friendly consensus mechanism called proof-of-stake. • The core guts of the Ethereum blockchain have changed little since then. The chain's developers have pushed through a series of upgrades to enable the growth of quick and cheap layer-2 blockchains, but the Ethereum community has mostly been starved of a single organizing vision—at least one that commanded the level of enthusiasm generated by the Merge. • That might soon change. • At Ethereum's Devcon conference in Bangkok on Tuesday, Ethereum Foundation researcher Justin Drake revealed his proposal for a major redesign of Ethereum's consensus layer called Beam Chain. • Beam Chain is a proposed redesign of the consensus layer that incorporates all of the latest and greatest ideas from the Ethereum roadmap, Drake said in a speech at Bangkok's Queen Sirikit National Convention Centre. • Drake's Beam Chain vision organizes a series of big ticket upgrades to Ethereum's consensus layer into a single package. The changes include adjustments to Ethereum's block production apparatus, as well as how it handles staking and zero-knowledge cryptography. • Drake's presentation was highly anticipated—coming after months of speculation online and in crypto forums that the influential Ethereum researcher, who was instrumental to the 2022 Merge upgrade, was working on something major. Drake delivered his remarks to a packed convention hall, with onlookers spilling out into the hallway outside of the event's main stage. • The Beam Chain won't entail any immediate changes to Ethereum, or even anything radically different from what's already on the chain's roadmap. It does, however, propose a major change to how Ethereum's future upgrades are organized. • Today, Ethereum upgrades its core code roughly once per year. Drake proposes continuing to make incremental upgrades to the chain each year to address low-hanging fruit, but then knocking out big changes in one fell swoop a few years from now. • The Beam Chain would focus on Ethereum's consensus layer, also called the Beacon Chain, which is the part of the network that handles how transactions get processed and recorded. The beacon chain is kind of old, Drake said. The spec was frozen five years ago, and in those five years so much has happened. • According to Drake, the Ethereum developers today have a much better understanding of how to adapt to maximal extractable value—strategies used by sophisticated traders to wring extra profit from Ethereum, sometimes at the cost of regular users. The past half-decade has also yielded valuable breakthroughs in zero knowledge technology, said Drake, and the Ethereum blockchain has built up technical debt that challenges developers' ability to develop the chain quickly and securely. • Among the focus areas for the Beam Chain will be faster slots and faster finality, meaning ramping the frequency with which blocks are added to the chain, as well as increasing the number of transactions included per-block. This could eventually mean the introduction of single... • https://www.coindesk.com/tech/2024/11... • #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! • This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. • bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple

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