# Meet the Beam Chain

*Author: Bankless*
*Published: Nov 12, 2024*
*Source: https://www.bankless.com/beam-chain-411*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-652--1--2.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=meet-the-ethereum-beam-chain&email=true)

  
Meet the Beam Chain
    
  

  
  Published on Nov 12, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=meet-the-ethereum-beam-chain&email=true) — Mass adoption of decentralized & token-governed technologies.

[Visit mantle.xyz to Learn More](https://www.bankless.com/sponsor/mantle-1706216729?ref=meet-the-ethereum-beam-chain&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
BlackRock's BTC Record
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-14---2024-11-12T160020.039.png)](https://www.bankless.com/dashboard)- 📈** BlackRock’s Bitcoin ETF Hits Record Volume.** IBIT [smashes records](https://www.bankless.com/blackrocks-bitcoin-etf-hits-record-volume) as BTC pushes to higher highs.
- **🐕 Dogecoin Moons with Elon Musk in the Limelight. **DOGE is trading [higher than it has in years](https://www.bankless.com/dogecoin-moons-elon-musk), in part thanks to Elon Musk's rising influence.
- 🔴** MicroStrategy Stock Hits ATH Thanks to Bitcoin Surge. **Institutions may take a closer look at BTC, with MicroStrategy's [stock on a major rebound](https://www.bankless.com/microstrategy-stock-ath).

.  .  .

 
  
    

    MARKET VIBES

  
  
Bitcoin Tests $90K
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Bitcoin is fighting to break through $90,000 as it continues its post-Trump surge. With record ETF volumes, more MicroStrategy buys, and [signs of returning retail interest](https://x.com/TraderNoah/status/1854315163236639089), bitcoin pumped to just shy of the milestone this week, resting at $89,956. How long until it pumps to $100K?

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.96T
       

  
    
    ↘ 0.2%
    
  

   
    
    ↗ 28.7%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $88,650
       

  
    
    ↗ 0.6%
    
  

   
    
    ↗ 27.6%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,284
       

  
    
    ↘ 1.7%
    
  

   
    
    ↗ 35.5%
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/5665.png)
    

  **HNT**
   
          $5.94
       

  
    
    ↘ 7.8%
    
  

   
    
    ↗ 1.6%

    
  

  

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🔵**New Token Rating: Helium’s** price has been fairly stagnant since the announcement of its partnership with Telefonica. Could continued growth in Helium mobile users and strategic partnerships set Helium up for a breakout?[Unlock HNT on Token Hub](https://www.bankless.com/tools/token-hub/helium-network)

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ANALYSIS

  
  
    
Meet the Ethereum Beam Chain
  
  
   
     
     Bankless Author: 
     
       [
       
        Jack Inabinet](https://www.bankless.com/author/jack)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/image---2024-11-12T155030.503.png)](https://www.bankless.com/meet-the-ethereum-beam-chain?u=true)Ethereum’s underperformance over the past two years post-Merge has triggered plenty of community concern around potential narrative weakness stemming from the prioritization of a rollup-centric roadmap.

In hopes of presenting Ethereans at *DevCon* with a new technical north star to rally around, prolific Ethereum Researcher Justin Drake unveiled his proposal for a major rehaul of the Ethereum consensus layer, dubbed ***Beam Chain***.

**tl;dr **Beam Chain is a *proposed* endgame solution for Ethereum’s consensus layer that will “SNARKify” the state transition function to:

- *Enable 4-second slot times and single-slot finality*
- *Retain or improve upon current decentralization guarantees*
- *Eliminate block reorganization-based MEV opportunities*
- *Make the Ethereum Network quantum-resistant*
*Here’s everything you need to know about Justin Drake’s proposed Ethereum redesign 👇*

[Read More on Bankless.com](https://www.bankless.com/meet-the-ethereum-beam-chain?u=true)
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*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=beam-chain-411)*