Chainfeeds Summary:
The release of Beam Chain has sparked sharp criticism from many prominent figures and community members in the blockchain space. However, such intense criticism also shows that people still have high expectations for Ethereum.
Source:
https://x.com/FourPillarsFP/status/1859528165695348786
Author:
Four Pillars
Perspective:
Four Pillars: At the 2024 Devcon conference, Ethereum's Beam Chain proposal aims to improve network performance and security through the following key improvements: reducing block time from 12 seconds to 4 seconds, lowering the minimum staking requirement from 32 ETH to 1 ETH, expanding the application of zero-knowledge (ZK) technology, and significantly increasing the Gas limit (10x to 100x increase). Although this proposal has been praised for enhancing scalability and decentralization, it has also been criticized for lacking community involvement and a slow implementation roadmap (targeting 2029). While Beam Chain demonstrates significant progress in efficiency and decentralization, the Ethereum community and industry experts have expressed disappointment after the proposal's announcement. The main issues include the lengthy roadmap timeline and the competitive environment of the rapidly evolving blockchain industry, indicating that Ethereum needs more agile and innovative approaches to maintain its competitiveness. Delphi Ventures' José Maria Macedo and Solana's Helius platform developer Mert have expressed concerns about Beam Chain's lack of competitiveness and slow progress. On the other hand, Ethereum Foundation's Péter and Abstract's Cygaar have emphasized the necessity of taking a well-prepared and phased approach to executing such major changes to ensure technical stability and reduce governance risks. As a leading blockchain ecosystem, Ethereum must re-examine its narrative and execution strategy to maintain community trust and strengthen its competitive advantage. The Beam Chain proposal showcases Ethereum's potential, while also presenting the challenge of balancing decentralization and rapid innovation.
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