Vitalik Buterin, co-founder of Ethereum, recently presented three innovative strategies to overcome the complexity and scalability challenges facing the Ethereum network. The solutions aim to not only improve efficiency, but also improve the experience of users in this constantly evolving ecosystem.
A first strategy proposed by Buterin focuses on “Decentralized Staking Pools“. He suggests a drastic decrease in the number of validators, setting a minimum deposit requirement of 4,096 ETH and capping the total validators at 4,096. This measure aims to reduce the computational load on the network, thus simplifying the consensus mechanism and making the process more efficient.
Alternatively, a second approachcalled “Two Layer Staking“, divides validators into two categories: the “heavy” layer and the “light” layer. Heavy tier participants would be those with a minimum deposit of 4,096 ETH, tasked with managing the main consensus mechanisms. On the other hand, the light layer would include validators without the need for a minimum deposit, contributing to network security in a less intensive way.
A third and final approacha “Rotating Participation“, proposes a dynamic system in which a group of 4,096 validators would be randomly selected for each slot, thus participating in the consensus. This rotation ensures constant diversity and dynamism among validators, maintaining the efficiency and scalability of the system.
Buterin especially advocates the rotating participation approach, arguing that it ideally balances the need for decentralization with accountability. According to him, this strategy not only further decentralizes the betting system, but also improves the security of the Ethereum network by reducing the number of signatures required per slot, thus decreasing the chances of successful attacks.
While Buterin’s proposals represent a significant shift from the current design of the Ethereum network and may face resistance from certain quarters, he emphasizes that the potential benefits — a more secure, decentralized and accessible network — are immense.
At the time of publication, the price of ETH was quoted at US$2,307.15, down 2.7% in the last 24 hours.
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