Ethereum’s Beacon Chain recently encountered a temporary issue that caused transactions to stall for about 25 minutes. Although new blocks could be proposed, an unknown issue prevented them from being finalized.
In early March, the Goerli testnet version of Ethereum’s “Shapella” upgrade had similar problems.this This is Launched on the mainnet on April 12. Launched in 2020, the Beacon Chain represents Ethereum’s original proof-of-stake blockchain. September 2022, Through the beacon chain, complete the transition of the network to a faster and more environmentally friendly proof-of-stake consensus mechanism.
Finality refers to ensuring that cryptocurrency transactions cannot be changed, revoked or canceled after completion, ensuring that transactions executed on the blockchain will not be lost. Blockchain protocols typically exhibit the finality of probabilistic transactions, with transactions becoming “more and more final” over time as more blocks are confirmed.
Developers are still investigating why the ethereum beacon chain was interrupted. During the event, the latency of the network affected its finality rate, and validators experienced problems as the number of proofs received dropped dramatically between Ethereum epoch 200,552 and 200,554. The issue was resolved within 30 minutes and transaction finality was restored.
After a 25-minute pause, ethereum core developer and Prysmatic Labs co-founder Preston Van Loon announced that “finality has been restored.”
The ending has been restored. We don’t yet know the root cause, but something happened that caused several client implementations to work really hard to keep up with the chain.
— prestonvanloon.eth (@preston_vanloon) May 11, 2023
Data from blockchain analytics providers The number of certifications suddenly dropped. It’s worth noting that Prysm was previously the vast majority of Ethereum clients.
The cause of the problem is still unknown, but ethereum developers are investigating the incident to prevent it from happening again in the future. Ethereum beacon chain advisor Superphiz highlighted ““In mitigating the impact of issues like this, emphasizing can achieve a more secure and robust network for validators where no client has more than 33% control.
“Decentralization at all levels limits the impact of these incidents, and we must continue to strengthen each vector, whatever the cause,” superphiz.eth .
While the root cause remains unknown, Ethereum developers continue to examine the situation to prevent future recurrence.
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NOTE: This story is currently developing, CryptoDaily will update this article as relevant information becomes available and as events unfold.