Ethereum client Go-Ethereum has officially released the Geth v1.12.0 version (Krogam DMZ). The latest update no longer supports proof of work (POW), so it can no longer be used for PoW-based private chains or as a dependency on ethash PoW.
Ethereum has moved to proof-of-stake (PoS), but some related chains still use PoW consensus, such as Ethereum Classic and EthereumPoW.
Go Ethereum releases major update to end PoW support
Ethereum’s Execution Layer Client Go Ethereum in a tweet on May 25 revealed that it has released the Geth v1.12.0 (Krogam DMZ) update, potentially a major change. Geth has decided to no longer support proof-of-work (PoW) chains. In addition, Geth now uses Pebble as the backend by default if no existing database is found.
— Go Ethereum (@go_ethereum) May 25, 2023
The new version adds block coverage to eth_call, enabling batch state tests. Several bugs have also been fixed. The details about the improvements and bug fixes can be found in the released notes.
Recently, consensus layer client Nimbus released a v23.5.1 update for validator clients and node operators on May 21. The update is intended to improve compatibility with third-party validator clients and beacon nodes. In addition, it introduces support for incremental pruning.
These latest updates by clients will improve the overall performance of the network. After the Ethereum network experienced finality issues on May 11 and 12, Ethereum clients released critical updates to prevent the Beacon Chain nodes from having high resource usage during turbulent times.
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ETH price stabilizes near $1800
Ethereum price stability near $1800 despite market uncertainty points to low volatility, which institutional investors prefer. ETH is likely to outperform Bitcoin in the future.
The ETH price is up 1% in the last 24 hours with the price currently trading at USD 1,795. The 24-hour low and high are $1,763 and $1,808 respectively.
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Varinder has 10 years of experience in the Fintech sector, with more than 5 years dedicated to blockchain, crypto and Web3 developments. A technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in more than 5,000 news stories, articles and newspapers. With CoinGape Media, Varinder believes in the enormous potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
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