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Ethereum Beacon Chain Fares Well After Launch, Despite Minor Setbacks

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It is reported that Superphiz, the core developer of Ethereum, said that since the launch of the beacon chain on December 1, 2020, the Ethereum ecosystem has o…

Ethereum Beacon Chain Fares Well After Launch, Despite Minor Setbacks

It is reported that Superphiz, the core developer of Ethereum, said that since the launch of the beacon chain on December 1, 2020, the Ethereum ecosystem has only reduced 226 verifiers, accounting for 0.04% of the 524060 verifiers. One of the biggest reduction events occurred on February 4, 2021, when 75 verifiers of the pledge infrastructure provider Stacked were reduced due to the production of competitive blocks. Stacked said that the violation of certification was caused by “technical problems”.

Core developers of Ethereum: Only 0.04% of Ethereum verifiers have been removed since 2020

Interpretation of the news:


The Ethereum ecosystem has barely been challenged since the launch of the beacon chain on December 1, 2020. According to Superphiz, a core developer of Ethereum, only 226 verifiers have been reduced, which represents a mere 0.04% of the 524060 verifiers. Ethereum’s beacon chain enables greater scalability and security for the Ethereum blockchain network. It has been received well by the cryptocurrency community, and the low rate of verifier reduction confirms this.

However, there have been some minor challenges that have affected the network. One of them occurred on February 4, 2021, when 75 verifiers from the pledge infrastructure provider Stacked were reduced due to the production of competitive blocks. Stacked admitted that the violation of certification was due to some “technical problems”.

The beacon chain serves as the foundation of the Ethereum 2.0 network. It addresses some of the scalability issues of Ethereum by introducing a new consensus algorithm called proof-of-stake. This algorithm replaces proof-of-work, which is used by most other cryptocurrencies, including Bitcoin. Proof-of-stake allows validators to create new blocks and verify transactions more efficiently. In contrast, proof-of-work requires miners to solve complex mathematical problems to validate transactions, which takes a lot of time and consumes high amounts of energy.

The launch of the beacon chain has been a significant milestone in the development of Ethereum 2.0, and the low rate of verifier reduction indicates that it has been a success. Nonetheless, the need for transparency and vigilance is paramount, especially as Ethereum 2.0 continues to evolve. The technical problems experienced by Stacked serve as a reminder that security and technical issues could arise at any time.

In conclusion, Ethereum’s beacon chain has weathered most of the challenges thrown its way since its launch, and the low rate of verifier reduction confirms its success. However, the few issues that have arisen serve as a reminder that vigilance is necessary. It remains to be seen how Ethereum 2.0 will evolve and whether it will live up to its promise of greater scalability and security.

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