Ethereum Beacon Chain Experiences 7 Block Reorg: Here’s What That Means

On Wednesday, the Beacon Chain – the core of the Ethereum 2.0 ecosystem – experienced a blockchain reorganization 7 blocks deep. That means that 7 blocks worth of its most recent transactions were effectively reversed on Wednesday. The Meaning of Blockchain Reorgs A blockchain reorganization occurs when nodes cannot agree on the canonical order of blocks. This can be caused by a number of factors, which differ between proof of work and proof of stake systems. Ethereum co-founder Vitalik Buterin…

Ether Surges To All-Time High On Enthusiasm Over Ethereum 2.0

Ether reached its all-time high as crypto surged on new developments in the DeFi space. The second-largest crypto has reached an all-time high of over $4,700. Other major cryptocurrencies were up as well. Bitcoin was up 8% over the last week to $66,000. Many investors believe it will soon reach its all-time high of $67,000. Binance Coin surged almost 20% to $649, and Solana was up 23% to $250 over the last week. Ether was up just under 11% in…

Ethereum 2.0 on Track as Staked ETH Nears $4 Billion

In an extensive blog post entitled "The State of Eth2", lead developer Danny Ryan published an update on progress in the Beacon Chain and upcoming developments for 2021. Ryan added that the individual Ethereum designations indicate "false sequentiality" in leaving one for the other. Instead, the term represents the different stack levels, he adds. Ethereum 2.0 is Picking Up The figures are attractive to most people, and the numbers are steadily increasing. As it goes to write, $2.78 million ETH…

Ethereum 2.0 Beacon Chain Successfully Launches

Ethereum 2.0 beacon chain has successfully launched today as it ushers in a new era for the leading smart contract platform. The Beacon phase will initiate a multi-year upgrade for the network that will culminate in the full deployment of Ethereum 2.0. Ethereum co-founder Vitalik Buterin posted an image of the genesis block produced on the Beacon phase smart contract. https://twitter.com/VitalikButerin/status/1333744735735795712 Beacon Chain Begins Major Transition for the Ethereum Network The beacon chain launch initiates the transition from Proof-of-Work (PoW)…

Ethereum 2.0 Serenity – A Look at This Monumental Upgrade

The Ethereum 2.0 update continues to be one of the most anticipated crypto events of the year. Ethereum 2.0 is a multi-lab initiative that seeks to take the world's second most popular cryptocurrency to new heights. The upgrade will introduce a host of new features and functionalities to the network. Specifically, the new protocol improves the speed, efficiency, and scalability of the entire network. Developers believe the integration will alleviate congestion and lower gas costs for smart contract developers. Importantly,…