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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 Ethereums 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.

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

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

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.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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Ethereum New Execution Client Reth Released By Paradigm, ETH To Hit $2000? - CoinGape