Reconstructing Ethereum's Consensus Layer with Beam Chain: The Ultimate Solution or a Technical Conundrum?

Intermediate11/26/2024, 5:54:08 AM
Delve into the Ethereum Foundation's proposed Beam Chain initiative, aimed at addressing MEV issues, enhancing scalability and security, and leveraging ZK technology to boost performance by redesigning the consensus layer. The article explores the technical highlights of Beam Chain, such as Snarkification powered by ZKVM and hash-based aggregated signatures, while also examining the community's differing opinions and concerns regarding the proposal.

Is the 5-year implementation timeline for Beam Chain reasonable? What does the community think?

At the Devcon conference, Ethereum Foundation core member Justin Drake proposed a comprehensive overhaul of Ethereum’s consensus layer, referred to as Beam Chain. The redesign aims to mitigate MEV issues, enhance scalability and security, and leverage ZK technology for performance improvements. Beam Chain focuses primarily on changes to the consensus layer, without creating new tokens or altering the existing blockchain architecture.
Ethereum’s current consensus layer, the Beacon Chain, has been in place for five years and has demonstrated strong security. However, over time, technical debt has accumulated. Additionally, as the Ethereum community delves deeper into MEV research and ZK technology progresses rapidly, the existing consensus layer has shown limitations in adapting to emerging technologies. The Beam Chain initiative seeks to eliminate technical burdens, making Ethereum more flexible and adaptable for the future.

Technical Highlights

From a technical perspective, Beam Chain has two notable features: Snarkification enabled by ZKVM and hash-based aggregated signatures.
The consensus layer primarily determines how all nodes in the network reach agreement on the state of the chain, such as transaction ordering and account balances. In Ethereum, the consensus layer handles tasks like block validation, signature verification, fork management, and maintaining and updating account states. A key operation within the consensus layer is state transition, which involves moving from one block state (e.g., account balances after transactions) to the next. These operations often require significant computation, and Snarkification is a technique to convert these computations into zero-knowledge proofs.

Beam Chain leverages ZKVM to implement Snarkification in the consensus layer, transforming state transition functions into zero-knowledge proofs. ZKVM offloads the computational process to off-chain environments, reducing the on-chain computational burden. Each node can verify the correctness of the state simply by validating the zero-knowledge proofs, without needing to perform the computations themselves. Furthermore, Beam Chain allows validators to choose their preferred ZKVM without enforcing a specific one in the on-chain protocol.
Additionally, with the advancement of quantum computing, traditional cryptographic methods such as elliptic curve cryptography face potential risks of being compromised. This poses a threat to the security of current blockchain systems, such as private key protection and signature validation, which could be broken by quantum computers. To address this, Beam Chain introduces a hash-based aggregated signature scheme. Hash functions offer post-quantum security, making them resistant to quantum attacks. This approach not only improves signature aggregation efficiency but also provides enhanced security for the future.
Beam Chain also adopts PBS (Proposer-Builder Separation), introducing inclusion lists and execution auctions to mitigate the negative impact of MEV. It plans to reduce the minimum staking requirement for validators from 32 ETH to 1 ETH, further enhancing decentralization. The transition to Beam Chain will occur in phases, gradually replacing the functionalities of the Beacon Chain, with the process expected to take five years.

Community Perspectives

Concerns About Development Timeline: The community has expressed widespread concern over the 5-year development cycle required for Beam Chain. Some members have even questioned whether Beam Chain’s objectives aim to make Ethereum increasingly similar to Solana.

  • José Maria Macedo, founding partner of Delphi Ventures, expressed disappointment with Beam Chain. He believes the core improvements, such as a restructured codebase, 4-second block times, and “quantum resistance,” won’t materialize until 2029-2030. According to him, these changes are insufficient for Ethereum Layer 1 to maintain a competitive edge in the blockchain space or sustain a narrative of long-term competitiveness.
  • Mert, CEO of Solana development platform Helius, also voiced concerns about the timeline. He stated that if Beam Chain truly takes until 2029 to launch, Ethereum may struggle to remain competitive in the rapidly evolving blockchain sector.
  • Qi Zhou, co-founder of EthStorage, argued that the projected 2030 completion is far too lengthy. He suggested focusing on using a single programming language, such as Rust or Go, to accelerate development. He also recommended Ethereum address technical debt by adopting Cosmos’s “re-genesis” approach—resetting the blockchain’s genesis block while retaining essential user and contract state data, thus removing redundant historical data and outdated code.
  • Meir, co-founder of Hydrogen Labs, expressed skepticism that Beam Chain’s extended timeline could meet Ethereum’s scalability needs as a full-featured blockchain. If Ethereum’s goal is to serve as an efficient blockchain platform rather than merely a DA, it requires faster and more aggressive scalability improvements, not gradual optimizations over the next five years.
  • Cygaar , an Abstract developer, explained why the 5-year timeline for Beam Chain is necessary. He emphasized that Ethereum is not a small blockchain; it is the world’s second-largest blockchain with $60 billion in TVL, $400 billion in base asset value, and thousands of applications relying on it. Implementing such massive changes in a live, distributed network poses immense risks, requiring extended preparation and rigorous testing to avoid significant user losses.
  • Terence, a maintainer of Ethereum client Prysm, addressed concerns over the lengthy timeline by describing Beam Chain as Ethereum’s “ultimate goal.” In the meantime, Ethereum will continue to improve through hard forks. Some proposals within Beam Chain will enhance Ethereum’s decentralization and censorship resistance. Before its implementation, Ethereum will also work on improving data availability, censorship resistance, EVM performance, and other aspects to meet evolving demands.
  • Hasu, strategy lead at Flashbots, cautioned against overhyping the Beam Chain proposal. He stated that it is a long-term project requiring at least five years and that most of its improvements are already part of Ethereum’s roadmap. The real innovation lies in bundling these improvements for testing and eventually implementing them as a unified upgrade, which could accelerate progress. However, many community members have misunderstood the proposal as an exciting “Ethereum 3.0” launch or hoped it would emulate some of Solana’s features, leading to unmet expectations.
  • gabrielShapir0 , founder of MetaLeX, argued that Ethereum’s core values lie in its decentralization and sovereignty, both of which Beam Chain significantly enhances. While some hope Ethereum will offer different products, services, or follow popular trends, these aspirations do not align with Ethereum’s positioning, which remains distinct from Solana’s direction.

Technical Challenges

  • Péter, a core member of the Ethereum Foundation, believes the Beam Chain proposal bundles too many changes together, posing potential issues both technically and in governance. Technically, combining multiple changes increases the likelihood of errors. From a governance perspective, packaging numerous modifications could lead to overlooked details and heightened controversy. He suggests addressing low-difficulty improvements on the Beacon Chain first and implementing more complex changes gradually. This phased approach would help the system adapt incrementally, avoiding a single, sweeping overhaul.
  • Ethereum researcher mteam noted that while Beam Chain is presented as a new concept, it essentially consolidates many older ideas. While supportive of the proposal,mteam expressed concern that such an upgrade could disrupt research on the execution layer. Since the execution and consensus layers are independent research areas, they should be improved in parallel to prevent interference.
  • Max Resnick, research director at SMG, argued that Ethereum needs a more ambitious vision rather than being constrained by incremental five-year improvements. He called for a return to Ethereum’s original goal of being a global computing platform that helps developers solve the most complex coordination challenges. He outlined goals Ethereum should aim to achieve within five years, including 1-second block times, single-slot finality to enable seamless cross-chain interoperability, significantly higher throughput (>1000 TPS), and multiple parallel proposers to ensure real-time censorship resistance.

Disclaimer:

  1. This article is reproduced from [ChainFeeds]. The copyright belongs to the original author [0xNatalie]. If you have any objection to the reprint, please contact Gate Learn team, the team will handle it as soon as possible according to relevant procedures.
  2. Disclaimer: The views and opinions expressed in this article represent only the author’s personal views and do not constitute any investment advice.
  3. The Gate Learn team translates other language versions of the article. Unless otherwise stated, the translated article may not be copied, distributed or plagiarized.

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Reconstructing Ethereum's Consensus Layer with Beam Chain: The Ultimate Solution or a Technical Conundrum?

Intermediate11/26/2024, 5:54:08 AM
Delve into the Ethereum Foundation's proposed Beam Chain initiative, aimed at addressing MEV issues, enhancing scalability and security, and leveraging ZK technology to boost performance by redesigning the consensus layer. The article explores the technical highlights of Beam Chain, such as Snarkification powered by ZKVM and hash-based aggregated signatures, while also examining the community's differing opinions and concerns regarding the proposal.

Is the 5-year implementation timeline for Beam Chain reasonable? What does the community think?

At the Devcon conference, Ethereum Foundation core member Justin Drake proposed a comprehensive overhaul of Ethereum’s consensus layer, referred to as Beam Chain. The redesign aims to mitigate MEV issues, enhance scalability and security, and leverage ZK technology for performance improvements. Beam Chain focuses primarily on changes to the consensus layer, without creating new tokens or altering the existing blockchain architecture.
Ethereum’s current consensus layer, the Beacon Chain, has been in place for five years and has demonstrated strong security. However, over time, technical debt has accumulated. Additionally, as the Ethereum community delves deeper into MEV research and ZK technology progresses rapidly, the existing consensus layer has shown limitations in adapting to emerging technologies. The Beam Chain initiative seeks to eliminate technical burdens, making Ethereum more flexible and adaptable for the future.

Technical Highlights

From a technical perspective, Beam Chain has two notable features: Snarkification enabled by ZKVM and hash-based aggregated signatures.
The consensus layer primarily determines how all nodes in the network reach agreement on the state of the chain, such as transaction ordering and account balances. In Ethereum, the consensus layer handles tasks like block validation, signature verification, fork management, and maintaining and updating account states. A key operation within the consensus layer is state transition, which involves moving from one block state (e.g., account balances after transactions) to the next. These operations often require significant computation, and Snarkification is a technique to convert these computations into zero-knowledge proofs.

Beam Chain leverages ZKVM to implement Snarkification in the consensus layer, transforming state transition functions into zero-knowledge proofs. ZKVM offloads the computational process to off-chain environments, reducing the on-chain computational burden. Each node can verify the correctness of the state simply by validating the zero-knowledge proofs, without needing to perform the computations themselves. Furthermore, Beam Chain allows validators to choose their preferred ZKVM without enforcing a specific one in the on-chain protocol.
Additionally, with the advancement of quantum computing, traditional cryptographic methods such as elliptic curve cryptography face potential risks of being compromised. This poses a threat to the security of current blockchain systems, such as private key protection and signature validation, which could be broken by quantum computers. To address this, Beam Chain introduces a hash-based aggregated signature scheme. Hash functions offer post-quantum security, making them resistant to quantum attacks. This approach not only improves signature aggregation efficiency but also provides enhanced security for the future.
Beam Chain also adopts PBS (Proposer-Builder Separation), introducing inclusion lists and execution auctions to mitigate the negative impact of MEV. It plans to reduce the minimum staking requirement for validators from 32 ETH to 1 ETH, further enhancing decentralization. The transition to Beam Chain will occur in phases, gradually replacing the functionalities of the Beacon Chain, with the process expected to take five years.

Community Perspectives

Concerns About Development Timeline: The community has expressed widespread concern over the 5-year development cycle required for Beam Chain. Some members have even questioned whether Beam Chain’s objectives aim to make Ethereum increasingly similar to Solana.

  • José Maria Macedo, founding partner of Delphi Ventures, expressed disappointment with Beam Chain. He believes the core improvements, such as a restructured codebase, 4-second block times, and “quantum resistance,” won’t materialize until 2029-2030. According to him, these changes are insufficient for Ethereum Layer 1 to maintain a competitive edge in the blockchain space or sustain a narrative of long-term competitiveness.
  • Mert, CEO of Solana development platform Helius, also voiced concerns about the timeline. He stated that if Beam Chain truly takes until 2029 to launch, Ethereum may struggle to remain competitive in the rapidly evolving blockchain sector.
  • Qi Zhou, co-founder of EthStorage, argued that the projected 2030 completion is far too lengthy. He suggested focusing on using a single programming language, such as Rust or Go, to accelerate development. He also recommended Ethereum address technical debt by adopting Cosmos’s “re-genesis” approach—resetting the blockchain’s genesis block while retaining essential user and contract state data, thus removing redundant historical data and outdated code.
  • Meir, co-founder of Hydrogen Labs, expressed skepticism that Beam Chain’s extended timeline could meet Ethereum’s scalability needs as a full-featured blockchain. If Ethereum’s goal is to serve as an efficient blockchain platform rather than merely a DA, it requires faster and more aggressive scalability improvements, not gradual optimizations over the next five years.
  • Cygaar , an Abstract developer, explained why the 5-year timeline for Beam Chain is necessary. He emphasized that Ethereum is not a small blockchain; it is the world’s second-largest blockchain with $60 billion in TVL, $400 billion in base asset value, and thousands of applications relying on it. Implementing such massive changes in a live, distributed network poses immense risks, requiring extended preparation and rigorous testing to avoid significant user losses.
  • Terence, a maintainer of Ethereum client Prysm, addressed concerns over the lengthy timeline by describing Beam Chain as Ethereum’s “ultimate goal.” In the meantime, Ethereum will continue to improve through hard forks. Some proposals within Beam Chain will enhance Ethereum’s decentralization and censorship resistance. Before its implementation, Ethereum will also work on improving data availability, censorship resistance, EVM performance, and other aspects to meet evolving demands.
  • Hasu, strategy lead at Flashbots, cautioned against overhyping the Beam Chain proposal. He stated that it is a long-term project requiring at least five years and that most of its improvements are already part of Ethereum’s roadmap. The real innovation lies in bundling these improvements for testing and eventually implementing them as a unified upgrade, which could accelerate progress. However, many community members have misunderstood the proposal as an exciting “Ethereum 3.0” launch or hoped it would emulate some of Solana’s features, leading to unmet expectations.
  • gabrielShapir0 , founder of MetaLeX, argued that Ethereum’s core values lie in its decentralization and sovereignty, both of which Beam Chain significantly enhances. While some hope Ethereum will offer different products, services, or follow popular trends, these aspirations do not align with Ethereum’s positioning, which remains distinct from Solana’s direction.

Technical Challenges

  • Péter, a core member of the Ethereum Foundation, believes the Beam Chain proposal bundles too many changes together, posing potential issues both technically and in governance. Technically, combining multiple changes increases the likelihood of errors. From a governance perspective, packaging numerous modifications could lead to overlooked details and heightened controversy. He suggests addressing low-difficulty improvements on the Beacon Chain first and implementing more complex changes gradually. This phased approach would help the system adapt incrementally, avoiding a single, sweeping overhaul.
  • Ethereum researcher mteam noted that while Beam Chain is presented as a new concept, it essentially consolidates many older ideas. While supportive of the proposal,mteam expressed concern that such an upgrade could disrupt research on the execution layer. Since the execution and consensus layers are independent research areas, they should be improved in parallel to prevent interference.
  • Max Resnick, research director at SMG, argued that Ethereum needs a more ambitious vision rather than being constrained by incremental five-year improvements. He called for a return to Ethereum’s original goal of being a global computing platform that helps developers solve the most complex coordination challenges. He outlined goals Ethereum should aim to achieve within five years, including 1-second block times, single-slot finality to enable seamless cross-chain interoperability, significantly higher throughput (>1000 TPS), and multiple parallel proposers to ensure real-time censorship resistance.

Disclaimer:

  1. This article is reproduced from [ChainFeeds]. The copyright belongs to the original author [0xNatalie]. If you have any objection to the reprint, please contact Gate Learn team, the team will handle it as soon as possible according to relevant procedures.
  2. Disclaimer: The views and opinions expressed in this article represent only the author’s personal views and do not constitute any investment advice.
  3. The Gate Learn team translates other language versions of the article. Unless otherwise stated, the translated article may not be copied, distributed or plagiarized.
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