The Ethereum Beacon project, based on the latest innovative developments, has implemented a new cryptocurrency project that offers scalability, security and decentralization of the blockchain Ethereum. Ethereum Beacon can seamlessly switch from transparent Proof-of-Work to Proof-of-Stake.
Proof-of-Stake does not offer full scalability, but provides the infrastructure needed to implement innovative solutions and applications that help increase transaction processing speeds to 1000 transactions per second or even at a higher level. The Ethereum Beacon project completely solve the problem of the width of Ethereum without compromising the security of the system. This creates a complex and scalable block chain that represents the most complex solutions, including a segmented POS negotiation Protocol and an extended beacon virtual machine.
Ethereum Beacon Chain is one way to improve Ethereum. Thus, there is evidence of the blockchain. This process requires a lot of processing power. Proof of work gives high praise to people with the best equipment and communication. This means that the higher your hash level, the more you have to be the first to solve the puzzle. The proof-of-work concept is completely useless because only one miner gets the prize and loses the work of all the other miners. To change the situation, we need to change the concept of stake verification.
The Proof-of-Work concept that exists on the blockchain Ethereum will continue to exist. According to our main blockchain, there is another blockchain. Place the blockchain Beacon. Therefore, there are smart contracts that work in the main blockchain. And as soon as the main state of the blockchain is completed, an agreement will be concluded under which the user will be able to send Deposit operations. It then has a second unit that works with the concept of ownership but still depends on the main blockchain.
Ethereum Beacon will take network bandwidth to a new level by introducing a revolutionary transaction management system. The Central POS chain - the key chain - will be responsible for storing and querying validators. To become a validator, users must earn money guarantee to buy to help. Key blockchain also takes account of the castle and cross connection approved by the validator, that can connect the glass stage with key chain. This will be the basis on which the sharing system will be built.
The combination of internal consensus and cross-partitioning, independent validation in each segment and storage creates a fast, efficient, and secure network environment that allows you to scale and deliver DAP applications for all types. Validators achieve a stable return on their investments, and the transition to PoS solves the problem of energy losses and provides real decentralization.
All owners of ordinary Ethereum have the right to make an exchange for EBEA tokens in a one-to-one ratio. This will happen on August 8, after the Ethereum blockchain snapshot.
For more information about Ethereum Beacon, please follow the links below:
Website: https://ethereum-beacon.com
White Paper: https://ethereum-beacon.com/whitepaper.pdf
Twitter: https://twitter.com/BeaconEthereum
Facebook: https://www.facebook.com/Ethereum-Beacon-2350175261898732/
Telegram: https://t.me/EthereumBeacon
ANN Thread: https://bitcointalk.org/index.php?topic=5168538.0/
Instagram: https://www.instagram.com/ethereumbeacon/
Github: https://github.com/EthereumBeacon
Author:
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