BEACON ETHEREUM.

Ethereum Beacon is one of several options to increase Ethereum. Thus, there is evidence of a chain of work. This process requires a lot of computing power. Evidence of work gives more appreciation to people with better equipment and connectivity. This means that the higher the level of your hash, the more likely it is to be the first to solve the puzzle. As such, the concept of proof of work is truly futile, because only one miner receives a prize, and all the work of the other miners is lost. To change this, we need to apply the proof of the stake concept.

Ethereum Beacon aims to become the world's computer for the next generation of decentralization applications. To do this, we are building a new, highly scalable blockchain that will introduce a number of advanced solutions, including sharding, validator-based PoS consensus protocols and upgraded virtual machines, Beacon Assembly. This project will solve Ethereum network capacity problems that are delayed without compromising system security. At the same time, it will promote the ideals of democracy distributed through the Proof-of-Stake scheme, which will equalize the opportunities of all transaction validators, from individual GPU users to large mining operations. This and many other solutions will make EBEA the most important programmed money designed by Ethereum.

The concept of proof of work that is on the blockchain Ethereum will continue to exist. In line with our main blockchain, there is another blockchain. The lighthouse chain is called. Thus, there is a smart contract that works on the main chain. And in the main country framework of the chain, the agreement will be concluded, according to which the user will be able to send a deposit transaction. So you have a second blockchain, which works with the proof of ownership concept, but still depends on the main chain.

What are the requirements for beacon chains?

Thus, you can send your 32 Ether to a deposit agreement along with two other parameters. Thus, the function has 3 parameters. First of all, each stored transaction must contain 32 eters. You also need a special pub key and a specific withdrawal address. In this way, you will have a pub key for Ethereum, and then you will have another pub key that you use for output.

Thus, you specify some data and, at least, you have two publishing keys. When you enter the correct transaction, it creates a receipt. Thus, each customer from the stake confirmation chain will need at least sufficient access to the proof of the work chain. Therefore, you should know what block hashes and what deposit receipts are between the two checkpoints. So, to prove customer interest, simply be an easy customer.

How does the beacon chain work?

Thus, the lighthouse chain will exist parallel to the chain of beams Ethereum. Because of the valuation mechanism, the possibility of having a level that is far lower than 25 percent. So, some evidence of cola blocks has a clue pointing to the main chain. The next blocks of the flare chain indicate the next blocks in the main chain. Therefore, there are hard rules about consensus.

Thus, references to the main chain of children must be the same or derived from references to the main chain of ancestors. When you process the block later, it will be part of the agreed rules, which you must also follow.

Thus, the person making the deposit in advance will add himself to the set waiting for the validator, which is stored in the next block. Inside the lighthouse chain you have several sets of validators. Thus, in the current set, you have an active validator, a pending validator, and a validator set. So, if you make a deposit, you will be merged into a pending set of validators.

How does the sound chain work

The lighthouse chain is located between the main chain and the fragment. It's like connective tissue that gives a heartbeat. Smart contracts for the blockchain Ethereum will now allow validators to participate in protocols that prove participation in Ether 32 lottery.

After they are placed in a set of validators waiting in the beacon chain, they can become active validators and can participate in the stake proof protocol.

Then the flare chain generates random numbers for random sampling of validators for block proposals and the responsibility for choosing. With this random sample, we end collusion between the validator and the impact on the system.

New consensus system

Ethereum Beacon will bring network capacity to a new level by introducing a system of validating revolutionary transactions. Chain of central PoS - key chain - will be responsible for storing and updating the validator registry. To become a validator, users need to make a security deposit, which will minimize the risk of abusive behavior. The key chain will also process the block-by-block consensus and its own cross link - a confirmation set by the validator that makes it possible to insert shard segments into the key chain. In short, it will be the basis on which the sharding system is built.

The combination of internal and cross-consensus, independent validation in each shard, and storage system will create a fast, efficient and safe network environment that can easily scale and accommodate dApps of all types. Validators will get a stable return on their deposit investment, while the transition to PoS will solve the problem of energy waste and achieve real decentralization - free from mining agricultural hegemony.

Sharding - the most efficient way to measure

In Ethereum Beacon, there is no need for each node to confirm each transaction. Instead, the network is divided into many fractions - segments of the country that work independently, confirm different transactions and are empowered by various sets of validators. Fractions interact with key chains through cross-links - special messages indicating that fractional conditions with recently confirmed operations can be safely inserted into the main chain. Because the confirmation number is still high, security will not be compromised in Ethereum Beacon.

Implementation phase

Alpha Phase: transition to a new PoS / validation system

Beta Phase: Implementation of Basic Sharding

Gamma Phase: Sharding with EVM / EWASM

Phase Delta: for asynchronous cross-sharding, exponential sharding, and so on

How does the Stake-Proof mining work on Ethereum Beacon?

The PoS model used in Beacon is very close to Casper V2 and is a pure-proof mining protocol, not a hybrid PoS / PoW solution recommended for Ethereum. To become a validator in the sharding system and get sharding revenue, you must deposit the equivalent of ETH 25 in EBEA.

GET YOUR EBEA

All ETH holders are entitled to completely free Ethereum Beacon (EBEA) at a 1: 1 ratio after the blockchain snapshot on August 8. Click the button to claim your token now.

We also run a bounty campaign, which allows you to get more Ethereum Beacons - please see the FAQ section for more info.

Further information:

Website: https://ethereum-beacon.com/

Github: https://github.com/EthereumBeacon

White paper: https://ethereum-beacon.com/whitepaper.pdf

Twitter: https://twitter.com/BeaconEthereum

Facebook: https://www.facebook.com/Ethereum-Beacon-2350175261898732/

Telegram: https://t.me/EthereumBeacon

Author: sademolar

My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2279550

My Ethereum Address: 0xB00B339F3Da6b471A253Bf4f94000b1e769D86B8