Ethereum Beacon is one of several options to increase Ethereum. Thus, there is evidence of the work chain. This process requires a lot of computing power. Proof of work gives more appreciation to people with better equipment and connectivity. This means that the higher your hash level is, the more likely it is to be the first to solve the puzzle. Thus, the concept of proof of work is completely in vain, because only one miner receives a prize, and all other miners' work is lost. To change this, we need to apply proof of the stake concept.
Ethereum Beacon aims to become the world's computer for the next generation of decentralized applications. To do this, we are building a new, highly scalable blockchain that will introduce a number of advanced solutions, including sharding, a validator-based PoS consensus protocol and an enhanced virtual machine, Beacon Assembly. This project will solve Ethereum network capacity problems that are delayed without compromising system security. At the same time, it will promote democratic ideals that are distributed through the Proof-of-Stake scheme, which will equalize the opportunities of all transaction validators, from individual GPU users to large mining operations. This and many other solutions will make EBEA the most important programmable money designed by Ethereum.
The concept of proof of work that exists on the Ethereum blockchain will continue to exist. In line with our main blockchain, there is another blockchain. The lighthouse chain is called. Thus, there are smart contracts that work on the main chain. And within the framework of the main state of the chain, the agreement will be concluded, with which the user will be able to send deposit transactions. So you have the second blockchain, which works with the concept of proof of ownership, but still depends on the main chain.
What Are The Requirements For a Flare Chain?
Thus, you can send your 32 Ether to a deposit agreement along with two other parameters. Thus, the function has 3 parameters. First of all, every transaction that is saved must contain 32 ers. You also need a special pub key and a special withdrawal address. In this way, you will have a pub key for Ethereum, and then you will have another pub key that you use for output.
Thus, you specify some data and, at the very least, you have two publishing keys. When you enter the correct transaction, it creates a receipt. As such, each customer of the stake confirmation chain will need at least sufficient access to proof of work chain. Therefore, you should know what hash blocks and receipt of deposits are between the two checkpoints. So, to prove customer interest, just be an easy customer.
How Does The Flare Chain Work?
Thus, the lighthouse chain will be parallel to the Ethereum beam chain. Because of the valuation mechanism, it is likely to have a level that is much lower than 25 percent. So, some evidence of cola blocks has a clue pointing to the main chain. The next block of the flare chain shows the next block in the main chain. Therefore, there are strict rules about consensus.
Thus, the reference to the children's main chain must be the same or come from the reference to the ancestral main chain. When you process a block later, it will become part of the agreed upon rules, which you must also follow.
Thus, the person who deposits in advance will add himself to the set that is waiting for the validator, which is stored in the next block. In the lighthouse chain you have several sets of validators. Thus, in the current set, you have an active validator, a delayed validator, and a validator set. So, if you make a deposit, you will be merged into the pending validator set.
How Does The Sound Chain Work
The lighthouse chain is located between the main chain and fragments. It's like connective tissue that gives a heartbeat. Smart contracts for the Ethereum blockchain will now allow validators to participate in protocols that prove participation in the Ether 32 lottery.
After they are placed in a set of validators waiting in the flare chain, they can become active validators and can participate in the peg proof protocol.
Then the flare chain generates random numbers for random sampling of validators for block proposals and responsibilities for choosing. With this random sample, we end the collusion between the validator and the impact on the system.
New Consensus System
Ethereum Beacon will bring network capacity to a new level by introducing a revolutionary transaction validation system. The central PoS chain - key chain - will be responsible for storing and updating the registry validator. To become a validator, users need to make a security deposit, which will minimize the risk of abusive behavior. The key chain will also process its own block-by-block consensus and cross links - a confirmation set by the validator that allows to insert the glass segment into the key chain. In short, it will be the basis on which the sharding system is built.
The combination of internal and cross consensus, independent validation in each glass, and a storage system will create a fast, efficient and secure network environment that can easily scale and accommodate dApps of all types. Validators will get a stable return on investment in deposits, while the transition to PoS will solve the problem of wasteful energy and achieve real decentralization - free from mining agricultural hegemony.
Sharding - The Most Efficient Way To Measure
In Ethereum Beacon, there is no need for every node to confirm every transaction. Instead, the network is divided into many factions - country segments that work independently, confirm different transactions and are empowered by various sets of validators. Fractions interact with the key chain via cross-links - special messages indicating that fractional conditions with newly confirmed operations can be safely inserted into the main chain. Because the confirmation number is still high, security will not be compromised in Ethereum Beacon.
Implementation Phase
- Alpha Phase: transition to a new PoS / validation system
- Beta Phase: Implementation of Basic Sharding
- Gamma Phase: Sharding with EVM / EWASM
- Delta Phase: for asynchronous cross-sharding, exponential sharding, and so on
How does Post Proof mining work on Ethereum Beacons?
The PoS model used in Beacon is very close to Casper V2 and is a pure mining protocol, not a recommended PoS / PoW hybrid solution for Ethereum. To become a validator in the sharding system and get sharding income, you must deposit the equivalent of ETH 25 at EBEA.
GET YOUR EBEA
All ETH holders are entitled to completely free Ethereum Beacon (EBEA) at a ratio of 1: 1 after the blockchain snapshot on August 8. Click the button to claim your token now.
We also run a bounty campaign, which allows you to get more Ethereum Beacons - please see the FAQ section for more info.
ACCURATE INFORMATION
- Website: https://ethereum-beacon.com/
- Github: https://github.com/EthereumBeacon
- 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
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