Ethereum core developers have released patches to customers of Prysm Labs and Teku in response to two final Beacon Chain issues within a 24-hour period. The beacon chain acts as the consensus layer of the Ethereum network.
On May 11, Ethereum developers reported that the Beacon Chain was having problems confirming transactions. Although new blocks could have been proposed, an unknown issue prevented them from being finalized. The outage lasted about 25 minutes. A similar issue occurred on May 12th, preventing the block from being finalized for more than an hour.
The Ethereum Foundation said in a statement that the end was unreachable for 3 and 8 periods subscriber By Ethereum Advisor on Twitter. It appears that the problem “was caused by the high load on some compatibility layer clients, which was caused by an exceptional scenario”.
The beacon chain stopped ending about thirty minutes ago. I don’t know why yet, but in general, the chain is designed to be resilient against this, transactions will continue as normal and terminate will start when the issue is resolved. pic.twitter.com/utAS0uAWpG
– superphiz.eth ️ (superphiz) May 11, 2023
Although the network was not able to be finalized, direct and end users were able to conduct transactions on the network thanks to the diversity of clients “as not all client applications were affected by this exceptional scenario”.
Client diversity relates to the number of software clients available to network auditors. More diversity among customers means a more robust and secure network.
Both Teky and Prysm have released upgrades that implement optimizations to prevent beacon nodes from consuming excess resources.
A similar issue occurred on March 15th, delaying Goerli’s beta release of Ethereum’s “Shabella” upgrade, which was successfully deployed on April 12th. Ethereum’s pre-existing Proof-of-Work chain merged with the Beacon Chain on Sept. 15, 2022, to enable the network’s transition to a faster and less power-intensive Proof-of-Stake consensus mechanism.
The recent hype in Memecoin trading has increased Ethereum activity and raised reward rates. According to on-chain data, the Validators earned $46 million in the first week of May, or 24,997 Ether, a 40% increase from the $33 million in the previous week, when 18,339 ETH was distributed as rewards.
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