What’s Up with Ethereum?
Ethereum, the world’s second-largest cryptocurrency by market capitalization, experienced a network hiccup that resulted in unfinalized blocks for the second time in just 24 hours. The issue surfaced late yesterday, causing a wave of concern among the Ethereum community.
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In response to this network instability, Prysm, a prominent Ethereum client, has rolled out an update dubbed v4.0.3-hotfix. This newly released version is specifically designed to prevent Beacon Chain nodes from overconsumption of resources during periods of network instability.
The Beacon Chain, which is the heart of Ethereum's shift from a proof-of-work to a proof-of-stake consensus mechanism, is a crucial component of the network's infrastructure. Therefore, any malfunction in its operation can have significant implications for the Ethereum network.
The update from Prysm comes as a measure to enhance network stability and prevent a recurrence of such issues. The developers are hopeful that this fix will effectively address the situation, ensuring smooth and efficient functioning of the Ethereum network moving forward.
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