ETHEREUM'S NEXT UPGRADE - ALTAIR COMING FOR THE BEACON CHAIN - ETHEREUM NEWS

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ETHEREUM'S NEXT UPGRADE - ALTAIR COMING FOR THE BEACON CHAIN - ETHEREUM NEWS. The Ethereum network’s long-anticipated upgrade to a more extensible, proof-of-stake model draws closer as its developers set a date in October for the latest Altair upgrade. Altair, which is said to be the first main-net upgrade to the Beacon Chain is said to occur at epoch 74240, or in simpler terms, the 27th of October according to Danny Ryan, a researcher at Ethereum Foundation. According to Ryan’s description of the technical upgrade, the upgrade offers light-client support for the core consensus, enhances beacon state incentive accounting, resolves a number of issues linked to validator incentives, and improves upon the punitive params according to EIP-2982. The new upgrade, , EIP-2982 establishes “punitive parameters”, to guarantee that the proof-of-stake protocol is financially secure. “Slashing” as well as “inactivity” are the suggested fines under the enhancement proposal. Ethereum’s London hard fork upgrade arrived nearly on schedule on the 5th of August, bringing in the highly awaited EIP 1559 proposal. Advocates advertised EIP-1559 as the disinflation switch due to the fact that it consisted of burning base charges, therefore decreasing the circulatory supply of ETH.

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