As we all know, this is a special year for the ethereum blockchainindeed, Vitalik Buterin announced that the blockchain would go into proof-of-stake in mid-2022. But generally, in the tech world, between the announcements made and what really happens, it there are often differences, even a huge gap.
We are used to falling behind on the promises made by the Ethereum blockchain team, but we are getting closer than ever to the major turning point that awaits them. This is great news for all users of this blockchain, because indeed, the costs are often very expensiveespecially for people transacting small amounts.
Despite the fact that we are getting closer and closer to the deadline and the transition from proof-of-work to proof-of-stake, some problems persist, and there is still work to be done before merge.
What really happened on the Beacon Channel?
The beacon chainwho go introduce proof-of-stake on Ethereum, underwent a 7-block reorganization yesterday today.
Yesterday during the day, 7 blocks from numbers 3,887,075 to 3,887,081 were burned from the Beacon chain, according to data that can be found on the Beacon Scan. This reorganization is the longest in a very long time, according to the CEO of DeFi Gnosis.
Martin Köppelmann argued that this demonstrates that the node attestation policy could probably be reconsidered to potentially result in a more stable chain. This means that there is still work to do before the merge, which should take place during the year 2022.
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We will follow this development closely, and will keep you informed of the various improvements made.