Ethereum’s Beacon Chain is updated after finality issues

Within 24 hours, Ethereum core developers have released patches for Prysm Labs and Teku clients in response to the finality issue of the two beacon chains. The beacon chain serves as the consensus layer for the Ethereum network.

On May 11, Ethereum developers reported that they were having problems confirming transactions on their beaconchain. A new block could be proposed, but an unknown issue prevented it from being finalized. The power outage lasted about 25 minutes. A similar problem occurred on his May 12th, when the block’s finalization prevented him for over an hour.

The Ethereum Foundation said in a statement that finality could not be reached in 3 and 8 epochs. share By an Ethereum Consultant on Twitter. The issue “appears to be caused by high load on some consensus layer clients, but this was caused by an exceptional scenario.”

The beacon chain stopped finalizing about 30 minutes ago. I still don’t know why, but in general the chain is designed to be tolerant of this problem, transactions will continue as normal, and finalization will start once the problem is resolved. pic.twitter.com/utAS0uAWpG

— superphiz.eth ️ (@superphiz) May 11, 2023

Although the network could not be finalized, live and end-users are still able to transact on the network thanks to the diversity of clients, “as not all client implementations were affected by this exceptional scenario.” is ready.

Diversity of clients related Increases with the number of software clients available to the network validator. More diversity among clients means a more robust and secure network.

Both Teky and Prysm have released upgrades that implement optimizations to prevent beacon nodes from consuming excessive resources.

A similar issue occurred on March 15th, delaying the Goerli testnet version of Ethereum’s “Shapella” upgrade, which was successfully deployed on April 12th. Ethereum’s existing Proof of Work Chain merged with Beacon Chain in September. On January 15, 2022, the network will be able to transition to a proof-of-stake consensus mechanism, which will be faster and consume less energy.

Memecoin’s recent trading hype has increased Ethereum activity and staking reward rates. according to Based on on-chain data, validators earned $46 million, or 24,997 Ether, in the first week of May. This is a 40% increase over the previous week’s revenue of $33 million, when 18,339 ETH were distributed as rewards.

Magazine: Here’s How Ethereum’s ZK Rollup Will Be Interoperable