What is Ethereum 3.0 Beam Chain, and what problems does it aim to solve?
Authors: Zhixiong Pan & Haotian Translation: WuBlockchain Beam Chain proposes a redesign of Ethereum’s consensus layer by integrating the latest research advancements, aiming for a safe and swift transition from the current Beacon Chain to the Beam Chain, which more closely resembles Ethereum’s ultimate design. Key Information Includes: 1. Scope of Redesign : Beam Chain focuses solely on the consensus layer, excluding the data layer (e.g., blobs) and execution layer (EVM), as these are directly used by applications and require forward compatibility. This allows significant improvements in the consensus layer. 2. Reasons for Redesign : • Beacon Chain Aging : The Beacon Chain’s specifications were frozen five years ago, during which both technology and understanding have advanced significantly. • Deeper Understanding of MEV : Over the past five years, our understanding of Maximum Extractable Value (MEV) has deepened, and mechanisms have been developed to mitigate its adverse effects....