Sunday, June 1, 2025
News PouroverAI
Visit PourOver.AI
No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
News PouroverAI
No Result
View All Result

Ethereum Founder Vitalik Buterin Proposes Tweaks to Improve Decentralization and Reduce Consensus Overhead

October 8, 2023
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter


Vitalik Buterin, the founder of Ethereum, has recently proposed a series of changes aimed at improving the network’s staking model. The primary objectives are to enhance decentralization and reduce the computational burden on the consensus layer. The proposal comes as Ethereum faces challenges related to centralization risks and the sheer number of signatures required for consensus. Buterin’s proposal could potentially revolutionize the way staking and consensus are approached on the Ethereum network, making it more accessible and efficient.

In the current Ethereum staking model, there are two types of participants: node operators and delegators. Node operators are responsible for running nodes and providing collateral, usually in the form of ETH. Delegators, on the other hand, contribute some amount of ETH but are not required to participate in any other way. This two-tiered staking model has been popularized by staking pools like Rocket Pool and Lido, which offer liquid staking tokens (LSTs). However, Buterin identifies two main issues with this system. First, there is a centralization risk in the mechanisms for choosing node operators, which are either not very decentralized or have other flaws. Second, the Ethereum Layer 1 verifies approximately 800,000 signatures per epoch, a number that could increase, thereby adding a significant computational load to the network.

To address these issues, Buterin suggests that delegators should have a more meaningful role in the network. He outlines two classes of solutions: delegate selection and consensus participation. In the delegate selection model, delegates could choose which node operators they want to support, thereby having a “weight” in the consensus. This would give them more power and make the network more decentralized. In the consensus participation model, delegators could be given a lighter role in the consensus process, which would act as a check on node operators. This would allow more people to participate in the network’s validation process without taking on the full responsibilities and risks of being a node operator.

Buterin also provides concrete implementation ideas for these solutions. One such idea is to allow each validator to specify two staking keys: a persistent staking key (P) and a quick staking key (Q). These keys could be used in various ways to improve the consensus mechanism and reduce the number of required signatures. For example, the protocol could require both the node and a randomly selected delegator to sign off for a message from a node to count.

In conclusion, Buterin’s proposal aims to achieve two main objectives. First, it seeks to empower those who do not have the resources or capability to solo-stake to participate meaningfully in the network. Second, it aims to reduce the number of signatures required for consensus to around 10,000, thus aiding decentralization and making it easier for more people to run a validating node. These changes could be implemented at different layers, including within staking pool protocols or as part of the Ethereum protocol itself, offering a flexible approach to improving the network’s staking model.

Image source: Shutterstock



Source link

Tags: bitcoinBlockchainButerinConsensusDecentralizationEthereumfounderimproveNewsOverheadProposesreduceTweaksVitalik
Previous Post

How To Become A Cloud Engineer – 7 Tips

Next Post

Frontech usb wifi dongle install desktop pc

Related Posts

5 SLA metrics you should be monitoring
Blockchain

5 SLA metrics you should be monitoring

June 10, 2024
10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India
Blockchain

10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India

June 9, 2024
Arkham: US Government Seizes $300M from Alameda Research Accounts
Blockchain

Arkham: US Government Seizes $300M from Alameda Research Accounts

June 8, 2024
Fake Musk Live Streams Flood YouTube During SpaceX Launch
Blockchain

Fake Musk Live Streams Flood YouTube During SpaceX Launch

June 7, 2024
How to Track Crypto Transactions for Taxes?
Blockchain

How to Track Crypto Transactions for Taxes?

June 7, 2024
NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release
Blockchain

NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release

June 7, 2024
Next Post
Frontech usb wifi dongle install desktop pc

Frontech usb wifi dongle install desktop pc

Smartest Factory Automation That Shocked The World

Smartest Factory Automation That Shocked The World

KKR Real Estate Finance Trust: The 10% Preferred Shares Are A Speculative Buy (NYSE:KREF)

KKR Real Estate Finance Trust: The 10% Preferred Shares Are A Speculative Buy (NYSE:KREF)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Is C.AI Down? Here Is What To Do Now

Is C.AI Down? Here Is What To Do Now

January 10, 2024
Accenture creates a regulatory document authoring solution using AWS generative AI services

Accenture creates a regulatory document authoring solution using AWS generative AI services

February 6, 2024
23 Plagiarism Facts and Statistics to Analyze Latest Trends

23 Plagiarism Facts and Statistics to Analyze Latest Trends

June 4, 2024
Managing PDFs in Node.js with pdf-lib

Managing PDFs in Node.js with pdf-lib

November 16, 2023
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
Turkish Airlines Marketing Strategy: Beyond “Globally Yours”

Turkish Airlines Marketing Strategy: Beyond “Globally Yours”

May 29, 2024
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
AI Compared: Which Assistant Is the Best?

AI Compared: Which Assistant Is the Best?

June 10, 2024
How insurance companies can use synthetic data to fight bias

How insurance companies can use synthetic data to fight bias

June 10, 2024
5 SLA metrics you should be monitoring

5 SLA metrics you should be monitoring

June 10, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Facebook Twitter LinkedIn Pinterest RSS
News PouroverAI

The latest news and updates about the AI Technology and Latest Tech Updates around the world... PouroverAI keeps you in the loop.

CATEGORIES

  • AI Technology
  • Automation
  • Blockchain
  • Business
  • Cloud & Programming
  • Data Science & ML
  • Digital Marketing
  • Front-Tech
  • Uncategorized

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 PouroverAI News.
PouroverAI News

No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing

Copyright © 2023 PouroverAI News.
PouroverAI News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In