Ethereum’s Beacon Chain recently experienced a temporary issue, halting transaction finalization for roughly 25 minutes. Although new blocks could be proposed, a still unknown problem prevented them from being finalized.
A similar issue already occurred on the Goerli testnet version of Ethereum’s „Shapella” upgrade earlier in March. The Shapella upgrade which was successfully executed on the mainnet on April 12. The Beacon Chain, launched in 2020, represents Ethereum’s original proof-of-stake blockchain. In September 2022, Ethereum’s pre-existing proof-of-work chain „merged” with the Beacon Chain, completing the network’s transition to a faster and more eco-friendly proof-of-stake consensus mechanism.
Finality refers to the guarantee that cryptocurrency transactions cannot be altered, reversed, or canceled after completion, ensuring that the executed transactions on the blockchain will not be lost. Blockchain protocols typically display probabilistic transaction finality, with transact
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