🚀 Ethereum Foundation Researcher Danny Ryan Resigns After Seven Years
#Ethereum #DannyRyan #cryptocurrency #EthereumFoundation #BeaconChain #EthereumMerge #EIP #blockchain #ETH
According to BlockBeats, Danny Ryan, a researcher at the Ethereum Foundation, has announced his resignation on September 14, ending his seven-year tenure with the Ethereum ecosystem.
Ryan stated on GitHub that his departure is due to personal reasons, as he seeks to make room for new opportunities. He emphasized that this decision does not reflect any issues with Ethereum or the broader cryptocurrency industry.
Ryan played a significant role in Ethereum's key upgrades, serving as the lead coordinator for the Ethereum Merge upgrade and overseeing the launch of the Beacon Chain in 2021. He was also actively involved in the progress updates of Ethereum Improvement Proposals.#Ethereum #DannyRyan #cryptocurrency #EthereumFoundation #BeaconChain #EthereumMerge #EIP #blockchain #ETH
🚀 BNB Beacon Chain To Cease Operations In Mid-November
#BNB #BeaconChain #CeaseOperations #Deactivation #Validators #MidNovember #Assets #Migration #Crypto
According to Odaily, BNB Chain has informed all community members about the final deactivation plan for the BNB Beacon Chain. Validators of the BNB Beacon Chain have agreed to cease operations in mid-November, marking the end of the chain's functionality and the processing of any new transactions. Users and centralized exchanges are strongly urged to take specific actions to prevent the complete loss of assets. BNB Beacon Chain asset holders are advised to initiate the migration process immediately to ensure continued access to their assets.#BNB #BeaconChain #CeaseOperations #Deactivation #Validators #MidNovember #Assets #Migration #Crypto
🚀 Ethereum Developers Discuss Consensus Layer Modifications
#Ethereum #ConsensusLayer #EIP7742 #Pectra #BeaconChain #Devnet #Geth #EthereumJS #Lighthouse #Teku #Nimbus
According to Foresight News, Christine Kim, Vice President of Research at Galaxy, summarized the 144th Ethereum Core Developers Consensus (ACDC) call. This week, developers discussed and coordinated modifications to the Ethereum Consensus Layer (CL). They agreed to include EIP 7742 changes in Pectra, enabling the Beacon Chain to dynamically set the network's target and maximum Blob Gas fee limits. EF Developer Operations Engineer Barnabas Busa announced plans to immediately shut down Pectra Devnet 3. Currently, the Geth and Ethereum JS clients are ready, as are the CL clients Lighthouse, Teku, and Nimbus.#Ethereum #ConsensusLayer #EIP7742 #Pectra #BeaconChain #Devnet #Geth #EthereumJS #Lighthouse #Teku #Nimbus
🚀 BNB Beacon Chain Hard Fork Scheduled For November 2024
#BNB #BeaconChain #HardFork #November2024 #Blockchain #Mainnet #Update
According to BlockBeats, on October 18, BNB Chain announced that the BNB Beacon Chain hard fork will take effect on November 19, 2024, at 14:00 UTC+8, corresponding to block height 384,544,850.
The mainnet nodes of the BNB Beacon Chain are required to update to version 0.10.24. From this date, the BNB Beacon Chain will cease operations and stop processing any new transactions.#BNB #BeaconChain #HardFork #November2024 #Blockchain #Mainnet #Update
🚀 Ethereum Developer Proposes Running Beacon Chain on RISC-V
#Ethereum #BeaconChain #RISC-V #EVM #VitalikButerin #RickDudley #AlexanderHicks #Blockchain #Cryptocurrency #ETH
According to Odaily, Ethereum developer Rick Dudley recently suggested on X that running the Beacon Chain on RISC-V and subsequently operating the Ethereum Virtual Machine (EVM) within it would be highly beneficial. Dudley expressed his keen interest in managing this project.
In response, Ethereum co-founder Vitalik Buterin acknowledged that a significant portion of the existing Ethereum validity proof formal verification roadmap involves verifying and deploying the EVM within RISC-V. Buterin recommended that Dudley get in touch with Alexander Hicks, who is responsible for Ethereum's formal verification and artificial intelligence.#Ethereum #BeaconChain #RISC-V #EVM #VitalikButerin #RickDudley #AlexanderHicks #Blockchain #Cryptocurrency #ETH
🚀 Ethereum Foundation Researcher To Unveil Major Consensus Layer Plan
#Ethereum #Devcon #ConsensusLayer #JustinDrake #BeaconChain #EthereumFoundation #Blockchain #Crypto #ETH
According to Odaily, Justin Drake, a core researcher at the Ethereum Foundation, announced on platform X that he will reveal a significant plan on the main stage of Devcon tomorrow at 5 PM UTC+8. Drake has spent the past year contemplating a complete redesign of Ethereum's consensus layer. His objective is to propose a robust strategy for launching an ambitious and exciting roadmap for the beacon chain within a reasonable timeframe.
Drake's proposal comes after months of collaboration with researchers and consensus developers. He expressed readiness to publicly present his ideas, emphasizing the importance of community involvement. While it is still early in the process, Drake highlighted that achieving preliminary consensus on this new approach to the consensus layer roadmap is crucial. The Ethereum community's participation will be vital in shaping the future direction of this initiative.#Ethereum #Devcon #ConsensusLayer #JustinDrake #BeaconChain #EthereumFoundation #Blockchain #Crypto #ETH
🚀 Ethereum's Beacon Chain Marks Four Years With Future Upgrades
#Ethereum #BeaconChain #Blockchain #Staking #Upgrades #CensorshipResistance #MEV #Finality #SmartContract #Layer1 #Layer2 #DigitalEconomy #Sharding #Security #Rollups #ETH
According to Foresight News, Ethereum Foundation researcher Justin Drake recently reflected on the four-year anniversary of the Ethereum Beacon Chain, which was launched on December 1, 2020. At its inception, 50 million ETH were staked, and while it initially offered no direct benefits to users, it has since evolved into one of the most robust foundations in blockchain history. Looking ahead, Ethereum has the potential to become the settlement layer of the internet of value.
Despite its imperfections, the Beacon Chain is undergoing a long-term upgrade journey. These upgrades aim to improve censorship resistance and MEV handling, reduce staking deposits, increase finality speed, enable smart issuance, achieve smartwatch-level full-chain verification, and ensure post-quantum security. Beyond the consensus layer, there are aspirations to achieve full sharding on the data layer and native rollups on the execution layer. Improvements to Layer 1 (L1) will be implemented incrementally over the years, with some enhancements, such as chain networking and post-quantum security, potentially requiring a complete redesign.
Layer 2 (L2) solutions are expected to deliver significant performance improvements within months. These enhancements include a faster user experience, low fees, unlimited throughput, and synchronous composability. The ongoing developments in both L1 and L2 are set to bolster Ethereum's position as a leading blockchain platform, paving the way for a more efficient and secure digital economy.#Ethereum #BeaconChain #Blockchain #Staking #Upgrades #CensorshipResistance #MEV #Finality #SmartContract #Layer1 #Layer2 #DigitalEconomy #Sharding #Security #Rollups #ETH
🚀 Danny Ryan Gains Strong Support For Ethereum Foundation Leadership
#DannyRyan #EthereumFoundation #Ethereum2.0 #TheMerge #BeaconChain #EthereumImprovementProposals #blockchain #cryptocurrency #ETH
According to BlockBeats, an informal poll conducted on votedannyryan.com on January 30 showed overwhelming support for Danny Ryan to become the new leader of the Ethereum Foundation. Out of the participating addresses, 97% (325 addresses) voted in favor, while only 3% (10 addresses) opposed. The addresses supporting Ryan collectively hold 51,198 ETH, valued at approximately $164 million, whereas the opposing addresses hold just 8.85 ETH.
Danny Ryan, a former researcher at the Ethereum Foundation, has been instrumental in the development of Ethereum 2.0. He played a key role in significant upgrades, serving as the lead coordinator for Ethereum's The Merge upgrade and overseeing the launch of the Beacon Chain in 2021. Ryan has also been actively involved in updating Ethereum Improvement Proposals. In September 2024, Ryan announced his departure, concluding his seven-year contribution to the Ethereum ecosystem.#DannyRyan #EthereumFoundation #Ethereum2.0 #TheMerge #BeaconChain #EthereumImprovementProposals #blockchain #cryptocurrency #ETH
🚀 Ethereum Staking Reaches New Record Amid Institutional Interest
#Ethereum #Staking #Ether #BeaconChain #ETHEtf #Investing #Crypto #Blockchain #BlackRock #PriceRise
According to Cointelegraph, the amount of Ether (ETH) staked on the Beacon Chain has reached a new record high, with 34.65 million ETH staked as of Sunday. This surpasses the previous peak recorded on November 10, 2024. The staking levels have remained relatively stable above 33 million for the past year, but began to increase again in June, as reported by the network explorer Beaconcha.in. This rise in staking suggests that more Ether holders are opting to stake their assets for yield rather than selling at current market prices.
A Dune Analytics dashboard confirmed this record, noting that 34.8 million ETH was staked as of Monday, while Ultrasound.Money reported a slightly lower figure of 34.7 million. The analytics platform also highlighted that the staked amount represents 28.7% of the current circulating supply of Ether, which stands at 120.8 million. This comes as issuance returned to an inflationary state in February. The increase in staked Ether coincides with anticipation in the industry for the approval of spot Ether ETF staking by the U.S. Securities and Exchange Commission. Analysts predict that staked Ether ETFs could be introduced "within the next few weeks," following a recent filing by ETF provider REX Shares, which employed "regulatory workarounds."
Meanwhile, BlackRock's iShares Ethereum Trust (ETHA) has been actively accumulating Ether, marking 23 consecutive trading days without any outflows, according to Farside Investors. Despite the asset's modest price performance over the past two years, with a gain of approximately 50%, the amount of Ethereum staked has surged by 77% during the same period. On Tuesday, ETH prices rose by more than 8%, reaching $2,700, the highest level since May 29. This price point has acted as resistance four times over the past month, indicating that breaking through this level is crucial for continued upward momentum.#Ethereum #Staking #Ether #BeaconChain #ETHEtf #Investing #Crypto #Blockchain #BlackRock #PriceRise
🚀 BNB Chain to End Phase 1 of Beacon Chain Recovery Tool in 3 Days, Urges BEP2 Migration
#BNBChain #BeaconChain #BEP2 #BSC #TokenMigration #CryptoNews #Blockchain #AssetRecovery
Key TakeawaysBNB Chain will end Phase 1 of its Beacon Chain recovery tool in 3 days.Users holding BEP2 tokens are advised to migrate assets to BSC.Migration aims to streamline recovery and reduce legacy chain dependencies.Delays may complicate asset recovery after the phase ends.ArticleBNB Chain announced that the first phase of its BNB Beacon Chain recovery tool will cease operation in three days, urging users to complete token migration as soon as possible.According to the update shared on X, users holding BEP2 tokens on the BNB Beacon Chain are advised to transfer their assets to BNB Smart Chain (BSC) to ensure continued access and simplify the recovery process. #BNBChain #BeaconChain #BEP2 #BSC #TokenMigration #CryptoNews #Blockchain #AssetRecovery