Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: RSRS on November 06, 2021, 05:34:49 AM
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Pivotal upgrades for Ethereum 2.0 have been slow but steady. While technical issues continue to bother the network, something that has dragged on for over two years, researchers have now detailed three scenarios of how Ethereum 2.0’s proof-of-stake (PoS) design could still be attacked. Don’t worry; they can be fixed too.
Serious Attacks on Ethereum’s PoS design
The world’s second most valuable cryptocurrency, Ethereum (ETH), has managed to notch another ATH in the early hours of Wednesday after last week’s successful completion of the 2.0 Altair Beacon Chain update.
A group of researchers had earlier identified three potential scenarios of how the design for the new consensus mechanism could be compromised. Despite this, Ethereum Foundation’s Danny Ryan is confident that “The Merge” will not be delayed, and the fix will be rolled out before Ethereum’s upcoming upgrade.
More Information (https://cryptonews.net/en/news/ethereum/2536795/)
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Many users still complain about the high transaction costs on the ethereum network, and they are certainly not unfounded. The problem of high gas prices has been the main one in this network for a long time.
The Ethereum 2.0 update has been going on for almost a year now, but it is very extensive, requiring all safety and precautions to be followed. I think that there is no need to rush here. The main thing is that the planned events are successful and smooth.
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I have read several scenarios that they will do in December, hopefully the eth 1.0 and 2.0 blockchains can be merged soon and transaction fees will be lower again.
EIP-1559 provides a lot of changes and so far, the lowest transaction fee I have done is 75 Gwei, it looks better than before EIP-1559 was launched