As the Blockchain Experiences Two Outages in a 24-hour Period, Ethereum Clients Release Crucial Updates

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Last Updated on May 13, 2023 by Bitfinsider

Prysm and Teku, two Ethereum consensus clients, have updated their software to address the most recent Beacon Chain finality problems. Within a 24-hour period, the Ethereum network experienced finality problems twice, the first for 25 minutes and the second for more than an hour. This worries stakeholders and developers but has no effect on end users or transactions.

An Ethereum block’s finalization takes roughly 15 minutes, according to the Ethereum Foundation. A block’s “finality” refers to the assurance that it cannot be changed or deleted from the blockchain without first burning at least 33% of the entire amount of ETH pledged.

On May 13, Prysm Ethereum Client releases the v4.0.3-hotfix. The release includes the necessary improvement to stop the Beacon Chain node from utilizing a lot of resources when things are tumultuous. Operators of Ethereum nodes have been strongly advised by the client to upgrade their node if it is experiencing high resource utilization.

Prysm claims that the nodes’ CPUs are under strain and memory consumption is bloated due to a rise in validator sizes and untimely old attestations. The update addresses future problems by instructing a node to disregard attestation for an outdated target.

On May 13, the Teku Ethereum client also made available the v23.5.0 upgrade. This upgrade filters out outdated attestations that caused issues on the Ethereum mainnet, much like the Prysm release did. The bug repair comes with a number of changes and additions to shield users against problems.

Nimbus, an Ethereum client, claims that no urgent update is necessary for its customers. It will however keep an eye on things and offer remedies if they worsen.

Interestingly, due to a distinct design, Ethereum clients Lighthouse and Lodestar did not experience a heavy load. Lighthouse and Lodestar maintained the network operational throughout the crisis at 40–50% of blocks until the other clients recovered and the blocks were finalized, despite other Ethereum consensus layer clients using a lot of resources.

Influencers on Ethereum have emphasized the vital role that Ethereum’s variety of clients plays in preventing a serious outage. The Ethereum blockchain was resilient to partial failures, recovered, and completed.

ETH is currently trading for more than $1800. With a 24-hour low of $1747 and a 24-hour high of $1816, it has increased by 3%.

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