Ethereum 2.0 Beacon Chain Celebrates Its First Anniversary
The Ethereum community is rejoicing as the Ethereum 2.0 Beacon Chain is celebrating its first year anniversary. This is notable for being the first step towards the upgrade to Ethereum 2.0.
Since the release of the Beacon Chain in 2020, Ethereum went through a series of important updates in its roadmap for Ethereum 2.0 and move from the PoS consensus mechanism.
Back in April, we experienced the Berlin hard fork which was a success, pushing prices to then-record highs of $2,200. This upgrade included four EIPs, like measures for reducing the costs that came with some transactions, increasing the expense that came with the launch of DoS attacks, and bundling several transactions into one transfer.
The most recent upgrade is Altair which was released in October. As a result, the price of ETH then reached a new ATH of more than $4,400.