Vitalik Buterin presents 3 strategies for streamlining Ethereum
Vitalik Buterin, one of the co-founders of Ethereum, has put forward three proposals to address a potential issue known as “systemic complexity” arising from the network’s proof-of-stake consensus design.
In a post on Ethereum’s research forum on December 27th, Buterin outlined his ideas for resolving a growing problem caused by the increasing number of network validators and the cryptographic signatures required for each blockchain slot.
The first proposal involves incentivizing mergers between validator teams by raising the minimum amount of Ether (ETH) required to run an Ethereum validator. This approach focuses on the network’s decentralized staking pools.
The second suggestion from Buterin is to divide the staking layers into two categories. One layer would have stricter parameters, while the other would offer more flexible conditions. Both layers would operate independently and follow slightly different blockchain rules that align with Ethereum’s principles.
Buterin’s third proposal introduces a mechanism to randomize a set of validators from a pool of network participants. Each slot would be signed by a different group of these teams, while still maintaining the current requirement of 8192 signatures. This is considered the most complex alternative, according to the co-founder of Ethereum.
The number of Ethereum validators has more than doubled since The Merge in September 2022, going from around 430,000 to over 895,000. This increase also leads to a higher number of signatures needed to perform network operations and maintain the Ethereum network.
Upcoming upgrades like Dencun may further increase the required number of signatures, adding additional strain. Buterin aims to avoid this by implementing his proposed solutions. He has previously expressed his thoughts on improving decentralization by overhauling staking on Ethereum and has raised concerns about restaking services. The developer has also cautioned against decentralized autonomous organizations (DAOs) operating staking pool nodes.
It is worth noting that Ethereum’s future and innovative projects were discussed by Vitalik Buterin in an AMA session, and users can follow the latest Ethereum news on Google News.
