Ethereum Beacon is an Ethereum based cryptocurrency platform. This platform has an innovation that can make the transition from Proof-of-Work to Proof-of-Stake faster and without obstacles posed by the lobby. This innovation was designed by this platform team in smaller networks so that development is faster. This transition speed in transaction processing up to 1000 tps and more.
Innovations designed by the Ethereum Beacon team
- Sharding concept, this concept will break the network into several segments which are mostly independent, or fractional, each with its own status so that there will be an actual increase in network capacity that will come gradually in Beta and Gamma.
- Etehereum Beacon virtual machine. Ethereum Virtual Machine, or EVM, is a runtime environment for smart contracts that makes it possible to isolate contract code from any process or file on the host computer. EVM ensures interaction between different types of accounts: external accounts and contract accounts. Depending on the type of contract, EVM can execute instructions to send tokens, make or burn tokens, make refunds, and so on. Simple fund transmission does not necessarily require a virtual machine, but in a decentralized future where dApps will replace many traditional applications, VMs are crucial for carrying out complex contracts. This is why it is sometimes called "global decentralized computer".
The biggest advantage of Wasm compared to the existing system is speed: it allows it to run web applications as fast as native code. It's also a language agnostic: developers can write applications in any language, and it will be compiled into Wasm through specialized translator tools. Coder is not expected to write directly in Wasm; although there is a special Wasm text format (.wat), it is a binary format, not human-readable code.
In addition to the new innovations above, the Ethereum Beacon team is also launching an EBEA crypto token. EBEA tokens will be distributed free of charge to all Ethereum holders at a ratio of 1: 1, which means that for each ETH, one will receive 1 EBEA. It is important to note that ETH is not exchanged with EBEA; Ethereum Beacon tokens will be airdropped for free. The base for distribution will be a snapshot of the Ethereum network, which will be taken on August 8, 2019, at 20:00 GMT.
For detailed information on this platform, visit the link https://ethereum-beacon.com/ and visit their social media channels below
Twitter = https://twitter.com/BeaconEthereum
Github = https://github.com/EthereumBeacon
Telegram = https://t.me/EthereumBeacon
Bitcointalk = https://bitcointalk.org/index.php?topic=5168538.msg51939226#msg51939226
Created by: ramzitsingh / Bitcointalk
Eth Address : 0x8d7F291D0ef4Be7cE5349FCfb90845b0f2a1A1fa