Price: $0.39370 2.0092%
Market Cap: 57.83B 1.7515%
Volume (24h): 8.51B 0.4%
Dominance: 1.7515%
Price: $0.39370 2.0092%
Market Cap: 57.83B 1.7515%
Volume (24h): 8.51B 0.4%
Dominance: 1.7515% 1.7515%
  • Price: $0.39370 2.0092%
  • Market Cap: 57.83B 1.7515%
  • Volume (24h): 8.51B 0.4%
  • Dominance: 1.7515% 1.7515%
  • Price: $0.39370 2.0092%
Home > Information news > Vitalik Buterin Proposes Ethereum PoS Enhancement for Efficiency

Vitalik Buterin Proposes Ethereum PoS Enhancement for Efficiency

Release: 2023/12/28 19:30 Reading: 390

Original author:Crypto News Land

Original source:https://coinmarketcap.com/community/articles/658d58afd11a033adda42cb9

Vitalik Buterin Proposes Ethereum PoS Enhancement for Efficiency

  • Vitalik Buterin talks about streamlining Ethereum PoS for efficiency and reduced network load.
  • He suggests cutting validator signatures to enhance Ethereum’s performance.
  • He proposed changes to ensure manageable signature loads for Ethereum’s evolving protocol.

In a bid to streamline Ethereum’s proof-of-stake (PoS) consensus, co-founder Vitalik Buterin has put forth a proposal on December 28. The aim is to significantly simplify and lighten the network’s load by reducing the number of validator signatures

Ethereum currently supports an extensive 895,000 validators for decentralization, but this comes with technical challenges, requiring the processing of around 28,000 signatures per slot—a heavy load on the network.

Buterin’s proposal suggests a move to a more moderate solution with approximately 8,192 signatures per slot, down from the current 28,000. This adjustment would bring technical simplification, enhance quantum resistance, and maintain a significant total slashable ETH at approximately 1-2 million ETH, crucial for enforcing good validator behavior through slashing mechanisms.

The Ethereum co-founder outlined three potential approaches: reliance on decentralized staking pools, a two-tiered system with “heavy” and “light” staking, and rotating participation with accountable committees. These solutions aim to reduce the digital signature load to a manageable level while addressing the current minimum requirement of 32 ETH to become a validator, making it more accessible.

The proposed changes not only enhance technical aspects but also set a predictable path for the future signature load of the Ethereum protocol. By making it more manageable, Buterin believes it will simplify protocol and infrastructure development, allowing for potential adjustments through hard forks when technology improves sufficiently.

Vitalik Buterin had previously warned against overloading Ethereum’s consensus layer, emphasizing the importance of maintaining the core functions of validating blocks and securing the network without unnecessary strain. The proposed enhancements align with his vision of ensuring Ethereum’s efficiency and effectiveness in the evolving blockchain landscape.

Read Also

The post Vitalik Buterin Proposes Ethereum PoS Enhancement for Efficiency appeared first on Crypto News Land.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.