CJ - Cryptocurrency Enthusiast
Two Beacon Chain finality vulnerabilities have led to updates being released by Ethereum core developers for the Prysm Labs and Teku clients. The Ethereum network's consensus layer is called the Beacon Chain. Block finalisation was delayed by an unidentified problem on May 11 for about 25 minutes. On May 12, a similar problem prevented finality for more than an hour. The affected epochs were 3 and 8, respectively.
Due to client variety, live and end users were still able to do business on the network despite the inability to finalise. Upgrades have been made available by Teku and Prysm to stop beacon nodes from using too many resources. Client diversity refers to the variety of software clients that network validators can use, making the network more stable and safer.
The merging of Ethereum's pre-existing proof-of-work chain with the Beacon Chain in September 2022 enabled the network's transition to proof-of-stake consensus mechanism. Validators earned $46 million, or 24,997 Ether, in the first week of May, which is a 40% increase over the previous week's income of $33 million when 18,339 ETH were distributed as rewards. This is largely attributed to the recent trading hype of memecoins, which has increased Ethereum's activity and staking rewards rates.
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