Ethereum’s Beacon Network Deals With a 7-Block Chain Reorganization

Share This Post

Ethereum’s Beacon Network Deals With a 7-Block Chain Reorganization

On May 25, seven blocks were reorganized on Ethereum’s Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the “current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain.”

Ethereum’s Beacon Chain Reorgs

While all eyes have been glued to development surrounding Ethereum’s upcoming transition to proof-of-stake (PoS) via The Merge, the chain that will be crucial to the transition, Ethereum’s Beacon chain, suffered a seven-block deep reorganization.

A blockchain reorganization, otherwise known as a reorg, is basically a chain split and nodes receive blocks from a new chain amid the existence of the old chain. In the case of Ethereum’s Beacon chain, the reorganization occurred at block height 3,887,075 to block 3,887,081.

Martin Köppelmann, the co-founder of Gnosis, noticed the event and tweeted about it on social media. “The Ethereum beacon chain experienced a 7-block deep reorg —2.5h ago,” Köppelmann said. “This shows that the current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain… (proposals already exist).” Köppelmann added:

This, unfortunately, shows that the analysis by [Georgios Konstantopoulos] and [Vitalik Buterin] here was too optimistic when the article claimed reorg stability will improve in PoS over PoW. We have not seen 7 block reorgs on Ethereum mainnet in years… At this point, it is unclear whether the reorg we saw was caused by an attack or just unfortunate network conditions.

Vitalik Buterin: ‘Truth-Seeking Is More Important Than Not Giving the Wrong People Rhetorical Ammunition’

After talking about the issue on Twitter, Köppelmann remarked that some of the attention his tweet garnered, specifically from Ethereum detractors, made him regret tweeting about it. “However, I think it is a strength of the Ethereum community to openly discuss all challenges, and spend more energy on finding a better solution, instead of spending time defending an issue,” Köppelmann said.

Ethereum’s co-founder Vitalik Buterin responded to Köppelmann’s regret comments and told the Gnosis co-founder not to regret it. “Truth-seeking is more important than ‘not giving the wrong people rhetorical ammunition’ or whatever,” Buterin said. “As long as truth-seeking results in action and not just commentary,” one individual responded to Buterin’s statement.

The Ethereum co-founder replied: “In this case, client teams have been scrambling to understand the situation so they can figure out what to fix for the last couple of hours — Already some good hypotheses.” Buterin’s reply was tethered to a tweet written by Ethereum developer Preston Vanloon who gave his opinion about the reorg situation. Vanloon said:

We suspect this is caused by the implementation of Proposer Boost fork choice has not fully rolled out to the network. This reorg is not an indicator of a flawed fork choice, but a non-trivial segmentation of updated vs out of date client software.

Ethereum’s blockchain reorganization follows both Vanloon and Buterin saying The Merge could be implemented in August. However, Buterin was quick to follow up his statement by saying there’s always a “risk of problems” and “delays.” He then said that September and October could be possible as well.

What do you think about Ethereum’s recent seven-block deep reorganization? Let us know what you think about this subject in the comments section below.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

The World’s Largest Bitcoin Conference Makes Middle East Debut in Abu Dhabi With Eric Trump as Keynote Speaker

PRESS RELEASE The Bitcoin Conference will be held in Abu Dhabi on December 9-10 at the ADNEC Centre, featuring keynote speaker Eric Trump alongside top Bitcoin innovators and government officials

Solana Eyes New All-Time High Of $370 After Cup And Handle Breakout

Amid bullish predictions for the market’s fifth-largest cryptocurrency, Solana (SOL), asset manager VanEck announced a significant upgrade to its Solana exchange-traded note (ETN), which now

Argentina’s New Crypto Regulation: Will Small Traders Survive the New Rules?

The post Argentina’s New Crypto Regulation: Will Small Traders Survive the New Rules appeared first on Coinpedia Fintech News Argentina is stepping up its crypto regulations with a draft that could

Russia Seeks to Weaken the West, Collapse US, Medvedev Declares

Dmitry Medvedev, Deputy Chairman of Russia’s Security Council, called for weakening Western influence, stating Russia’s goal is the collapse of US power or re-establishing a Soviet-era global

Analyst Says Fantom (FTM) Downtrend Is Over, Is $1 The Next Stop?

Fantom (FTM) registered a remarkable performance over the past 24 hours, attempting to break above a crucial horizontal level Some market watchers forecasted a 345% surge before the year’s end but

Bitcoin Price Prediction: Crucial Indicator in Red Signals Potential Drop to $60,000

The post Bitcoin Price Prediction: Crucial Indicator in Red Signals Potential Drop to $60,000 appeared first on Coinpedia Fintech News Bitcoin is currently poised for a retest after recently breaking