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Reading: Decentralization Attack in Altcoin King Ethereum! Will Staking Be Possible with 1 ETH?
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EdaFace Newsfeed > Latest News > Altcoin News > Decentralization Attack in Altcoin King Ethereum! Will Staking Be Possible with 1 ETH?
Altcoin News

Decentralization Attack in Altcoin King Ethereum! Will Staking Be Possible with 1 ETH?

vitalclick
Last updated: October 14, 2024 8:20 am
3 months ago
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Ethereum $2,465One of the founders of (ETH) Vitalik ButerinIn a long article published on Warpcast on October 14, he discussed the future of Ethereum after “The Merge” and how the Proof of Stake (PoS) mechanism could be developed. In his article, he focused on important goals such as ensuring that validators can stake with 1 ETH and finalizing blocks in a single slot. Vitalik stated that there are still points that need to be improved in the current structure of the PoS mechanism.

Why Should Ethereum’s PoS System Be Improved?Solutions Proposed by Buterin and New Mechanisms He Introduced

Why Should Ethereum’s PoS System Be Improved?

Vitalik, in his article EthereumHe emphasized that it has been two years since ‘s transition to PoS and that the system has been working stably during this period. However, he said that it is necessary to encourage more validators to participate in the network and reduce the staking minimum from 32 ETH to 1 ETH. He argued that this step would strengthen decentralization by encouraging individual validators.

Another goal is to ensure that blocks are finalized in a single slot instead of 15 minutes. According to Vitalik, thanks to rapid finalization, user experience will increase and transactions will be finalized in a shorter time. However, faster finalization and lower staking limit carry the risk of increasing the load on the nodes in the system.

Solutions Proposed by Buterin and New Mechanisms He Introduced

Vitalik offered three different solutions for Ethereum to achieve these goals. First, more advanced signature merging protocolsHe suggested the development of . This technology can make it possible to process signatures from millions of validators simultaneously.

The second solution is orbit committeessuggested that a medium-sized committee, randomly selected at regular intervals, finalize the blocks. This method aims to provide fast finalization with fewer validators while maintaining high security.

The third option Buterin pointed out is two-level staking model. In this system, validators who deposit different amounts of ETH will assume different responsibilities. Validators who stake high amounts of ETH will ensure economic finalization, while those who stake low amounts of ETH will take part in validating blocks.

Vitalik thinks all these changes will improve performance without harming Ethereum’s decentralization principle. Enabling staking with 1 ETH will increase the participation of individual validators in the network and make the Ethereum ecosystem more accessible. In addition, single slot finalization will enable users to finalize their transactions in a much shorter time.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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