Crypto Market suddenly fascinated as Ethereum researcher Justin Drake introduced a proposal to overhaul Ethereum’s consensus layer, called the “Beam Chain.” During his speech on Devcon, Bangkok Justin showcase his proposal.
Ethereum’s Beam Chain is part of Ethereum’s long-term roadmap, aimed at improving network scalability and performance without launching a new network. It builds on Ethereum’s current infrastructure, enhancing transaction speed, security, and efficiency.
What's Changing

🔺 Increased Block Production
Higher throughput: Beam aims to increase Ethereum’s transaction capacity by improving block production.Censorship Resistance: The introduction of FOCIL (Fork-Choice Enforced Inclusion Lists) enhances resistance to censorship, ensuring that transactions can’t easily be excluded by malicious actors.Execution Auctions & Isolated Validators: Validators will be isolated using execution auctions, which ensures more robust performance and decentralization.Faster Finality: Ethereum will feature 3-slot finality and 4-second block times for quicker transaction confirmation and improved network efficiency.
🔺 Enhanced Staking
Improved Issuance: This includes changes to the reward issuance model for validators, making staking more rewarding.Lower Staking Requirements: Validators will only need to stake 1 ETH, down from the current 32 ETH required, making staking more accessible.
🔺 Advanced Security
Post-Quantum Cryptography: Ethereum will implement quantum-resistant cryptography to ensure the network remains secure against future threats from quantum computing.zkSNARK and zkVM Integration: Zero-Knowledge Proofs (ZKPs) will be integrated with Ethereum through zkSNARKs and zkVM (zkVirtual Machine) to further improve privacy, scalability, and security.Chain SNARK-ification: Ethereum will leverage RISC-V for Chain SNARK-ification, a process that improves the efficiency and scalability of proof generation.Enhanced Randomness: Ethereum will also introduce robust randomness features to ensure fairness in validator selection and other critical network processes.
How It Works
Sharding for Faster Processing: Ethereum’s Beam Chain will use sharding, which divides data into smaller pieces (shards) to process multiple transactions simultaneously. This reduces bottlenecks and speeds up transaction times.Quantum-Safe Security: Ethereum will utilize advanced cryptographic techniques to ensure that even supercomputers of the future cannot break the network's security.Integration with Ethereum’s Roadmap: Beam is not a separate network, but an integrated phase of Ethereum’s roadmap for scaling and improving security over the next 5-10 years.
Why This Matters

Beam Chain is crucial for Ethereum’s ability to handle growing decentralized applications. It enhances Ethereum’s scalability, reduces transaction costs, and improves overall security, allowing the network to support more users and complex applications over time.

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#Devcon2024 #ETH🔥🔥🔥🔥

Devcon 2024, a lead Ethereum meeting, will occur from November 12 to November 15 in Bangkok, Thailand. This gathering is coordinated by the Ethereum Establishment and draws designers, specialists, and trendsetters from around the world, offering specialized studios, boards, and systems administration potential open doors. The current year's Southeast Asia (Ocean) area features the locale's lively blockchain networks, including Thailand, Vietnam, and the Philippines, known for fast crypto reception. Bangkok's determination as the host city is vital, giving straightforward entry and a cutting-edge setting at the Sovereign Sirikit Public Conference Hall (QSNCC).
The "Way to Devcon" (RTD) drive has likewise sent off, encouraging neighborhood occasions and instructive open doors paving the way to Devcon. The Ethereum Establishment's RTD awards support grassroots occasions that unite networks to investigate Ethereum's true capacity. By social occasion in Bangkok, participants will associate over the common objective of advancing Ethereum's genuine applications, especially in developing business sectors where decentralized arrangements can have a huge effect.#CPIUpdateOctober #USInflationAboveTarget #MidNovemberMarket #HaveYouBinanced #Devcon2024 $BTC $SOL $DOGE

Coinbase has officially announced that Pepe Coin (PEPE), a well-known meme cryptocurrency, will be listed on its platform starting today, according to Chief Legal Officer Paul Grewal.
He teased the announcement on X, saying, “You’ve been waiting for the frog, and now it’s here.”
Interestingly, the announcement came just after Robinhood, another prominent U.S. trading platform, revealed its own plans to list PE
Although PEPE supporters have been calling for its addition to Coinbase for over 18 months, Coinbase’s move follows closely on the heels of Robinhood’s decision.
The double announcement has already impacted PEPE’s value significantly. Within just an hour, the token surged by 47.8%, reflecting heightened excitement around these listings.

#USInflationAboveTarget #CPIUpdateOctober #MidNovemberMarket #cryptomarketcapATH #Devcon2024