For a while now, Serenity, the next step in the Ethereum (ETH) blockchain, has been somewhat of a quixotic dream for developers. But, the upgrade, which developers say will dramatically increase the efficiency and decrease the power consumption of the network, is rapidly nearing.
Revealed Monday by Danny Ryan, a leading developer at the non-profit Ethereum Foundation, the specifications of Phase Zero of Serenity, dubbed “Beacon Chain”, were recently ‘frozen’. This means that much of the upgrade’s changes have been somewhat finalized. Per trade publication CryptoSlate, however, there are still a number of “significant” changes slated to be made to the specifications. Regardless, this is still an important tidbit of news for Ethereum bulls, which have become few and far between as ETH has struggled against market leader Bitcoin.