Ethereum Foundation researcher Justin Drake has introduced a transformative proposal for a new consensus layer upgrade called the “Beam Chain” during his Nov. 12 presentation at DevCon in Bangkok.
The Beam Chain is a complete overhaul of Ethereum’s consensus layer, which would move the blockchain network closer to its final architecture.
Drake pointed out that the current Beacon Chain, which has been in place for five years, is outdated. During this time, research and technology have advanced significantly, opening up new opportunities for improvement in critical areas, including MEV (maximal extractable value), advancing SNARK technologies, and tackling technical debt.
Beam Chain
Drake explained that his proposal builds on the advancements made during this period and aims to bring Ethereum’s consensus layer up to date with the latest developments in blockchain technology.
So, the Beam Chain will prioritize faster finality and higher throughput, allowing quicker transaction fin
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