Ethereum 3.0? “Beam Chain” Proposal Aims to Revamp ETH Consensus

• Beam Chain proposes faster block times and reduced validator requirements for Ethereum.
• SNARKs could enhance Ethereum scalability, reducing reliance on Layer 2 solutions.
• Beam Chain’s success depends on community consensus and extensive testing phases.

Ethereum has planned major upgrades with Justin Drake, a researcher for the Ethereum Foundation, introducing a new idea termed “Beam Chain.” Drake introduced this idea at Devcon. Beam Chain will change Ethereum’s consensus layer. It is called “Ethereum 3.0” by some people, and it will reduce block times and the amount of ETH needed to become a validator. It will also improve security.

ZK Technology and Faster Block Times

The Beam Chain idea shows a few important changes, including reducing block production times. If developers implement Beam Chain, Ethereum’s block slots will fall from 12 seconds to four. This means that blocks will be finalized in three slots.

Related: Ethereum Transaction Volume Hits $60 Billion, Highest in 3 Months

Additionally, the idea removes epochs where validators organize their work. This simplifies the consensus process and makes validation faster. It also makes net…

The post Ethereum 3.0? “Beam Chain” Proposal Aims to Revamp ETH Consensus appeared first on Coin Edition.