Ethereum’s New Execution Layer Client Reth With Blazing Fast Benchmarks, ETH To Break $2000

Varinder Singh
June 21, 2023
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Ethereum's New Execution Layer Client Reth With Blazing Fast Benchmarks, ETH To Break $2000

Crypto-focused venture capital Paradigm announced the release of Reth v0.1.0-alpha, the first alpha version of its new Ethereum client. Reth aims to help improve Ethereum’s stability and client diversity, lower the barrier to entry for contributing to the Ethereum roadmap, and provide a performant and inclusive ecosystem of tools for EVM developers and users.

Advertisement
Advertisement

Paradigm Releases Ethereum Client Reth v0.1.0-alpha Version

Georgios Konstantopoulos, chief technology officer of Paradigm, announced the release of Reth v0.1.0-alpha, a modular, developer-friendly, and high-performance Ethereum node.

Reth is a modular, contributor-friendly, and blazing-fast Ethereum layer client written in Rust and using the Apache/MIT license.

It can sync the chain from genesis to block 17.4M in 50 hours, with a database size of nearly 2TB. In addition, robustness and RPC throughput and latency make Reth continue outperforming without falling behind under heavy RPC load.

It provides JSON-RPC APIs that scale throughput up to thousands of requests per second with low latency and a high success rate.

Reth Sync Benchmarks
Reth Sync Benchmarks. Source: Georgios Konstantopoulos

Reth as an SDK is utilized for building EVM-centric infrastructure such as MEV Builders, P2P networking, and ERC4337 UserOp mempools.

“We invite developers and node operators to try out Reth and let us know what they think. Like with Foundry, our culture remains developer-first, devoted to tight feedback loops with a high bar. We cannot wait to see what you will build with Reth.”

Reth has complete features up to the Shanghai upgrade and the team will focus on Cancun and EIP-4844 next, as per the Ethereum roadmap.

Also Read: JPMorgan, Amazon, IMF, Central Banks Contributes To Singapore Digital Currency Standards

Advertisement
Advertisement

ETH Price to Break Above $2000

ETH price soared over 5% in 24 hours, with the price currently trading at $1825. The 24-hour low and high are $1715 and $1830, respectively. BlackRock iShares spot Bitcoin ETF application and crypto exchange EDX Markets-backed by Citadel Securities, Fidelity Digital Assets, and Charles Schwab renewed positive sentiment in the crypto industry.

An Ethereum analysis by CoinGape Media reported that ETH price can hit $2,000 as multiple factors support another 10% jump.

Also Read: Terra Luna Classic Core Developer Revises Q3 Proposal, LUNC Price To Rally

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.