CJ - Cryptocurrency Enthusiast
Two Beacon Chain finality vulnerabilities have led to updates being released by Ethereum core developers for the Prysm Labs and Teku clients. The Ethereum network's consensus layer is called the Beacon Chain. Block finalisation was delayed by an unidentified problem on May 11 for about 25 minutes. On May 12, a similar problem prevented finality for more than an hour. The affected epochs were 3 and 8, respectively.
Due to client variety, live and end users were still able to do business on the network despite the inability to finalise. Upgrades have been made available by Teku and Prysm to stop beacon nodes from using too many resources. Client diversity refers to the variety of software clients that network validators can use, making the network more stable and safer.
The merging of Ethereum's pre-existing proof-of-work chain with the Beacon Chain in September 2022 enabled the network's transition to proof-of-stake consensus mechanism. Validators earned $46 million, or 24,997 Ether, in the first week of May, which is a 40% increase over the previous week's income of $33 million when 18,339 ETH were distributed as rewards. This is largely attributed to the recent trading hype of memecoins, which has increased Ethereum's activity and staking rewards rates.
If you are looking for the cheapest coin site to buy Ethereum (ETH), visit a well-known cryptobroker - BC Bitcoin. BC Bitcoin is a trusted cryptocurrency trading platform that offers a range of services, including secure and fast transactions, competitive fees, and excellent customer support.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards