Ethereum

Merge

Bitcoin

Read

Ethereum co-creator Vitalik Buterin proposed three methods to address a possible “systemic complexity” stemming from the network’s proof-of-stake consensus design.&nbsp; 
In a Dec. 27 post on <a href="https://ethresear.ch/t/sticking-to-8192-signatures-per-slot-post-ssf-how-and-why/17989" target="_blank" rel="noreferrer noopener">Ethereum’s research forum</a>, Buterin outlined his ideas for solving a budding pain point caused by increasing network validators and cryptographic signatures required for each blockchain slot.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A PoS simplification proposal: make a design that only requires 8192 signatures per slot (even with SSF), making the consensus implementation considerably simpler and lighter.<a href="https://t.co/Z8mK7vZx7g" target="_blank">https://t.co/Z8mK7vZx7g</a>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1740066206185611594?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 27, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
The first way works through incentivizing mergers between validators teams by raising the minimum Ether (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) needed to run an Ethereum validator. This method revolves around the network’s decentralized staking pools.&nbsp; 
Secondly, Buterin suggested dividing staking layers into two. One layer would feature stricter parameters, while the other would offer more flexible conditions. Both layers would be independent and operate under slightly separate blockchain rules aligned with Ethereum’s ethos.&nbsp; 
Buterin’s third way proposed a mechanism to randomize a set of validators from a pool of network participants. A different basket of these teams would sign each slot, thus maintaining the 8192 signatures currently needed. This is the most complex alternative, according to Ethereum’s co-founder. 
 You might also like: <a href="https://crypto.news/ethereum-long-term-holders-hit-record-numbers-surpassing-bitcoin/"> Ethereum long-term holders hit record numbers, surpassing Bitcoin </a> 
Ethereum validators have more than doubled since The Merge in September 2022, going from around 430,000 to over 895,000. This increase also means an uptick in signatures needed to perform network operations and maintain Ethereum.&nbsp; 
Upcoming upgrades like <a href="https://crypto.news/ethereum-devs-eye-january-for-dencun-testing/">Dencun</a> may also elevate the required signatures, adding extra load, which Buterin hopes to avoid.&nbsp;Buterin previously shared his thoughts on improving decentralization by <a href="https://crypto.news/vitalik-buterin-unveils-major-overhaul-of-ethereum-staking-to-enhance-decentralization/" target="_blank" rel="noreferrer noopener">revamping</a> staking on Ethereum and raised concerns about restaking services. The developer additionally <a href="https://crypto.news/ethereum-co-founder-vitalik-buterin-sends-400-eth-to-coinbase/" target="_blank" rel="noreferrer noopener">warned</a> against DAOs operating staking pool nodes. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="477" src="https://crypto.news/app/uploads/2023/12/Screenshot-137-1024x477.png" alt="Vitalik Buterin" class="wp-image-14232029">
 <figcaption class="wp-element-caption">
 Ethereum validator count | Source: <a href="https://beaconcha.in/charts/validators" target="_blank" rel="noreferrer noopener">beaconcha.in</a>
 </figcaption>
</figure> 
 Read more: <a href="https://crypto.news/vitalik-buterin-discusses-ethereums-future-and-innovative-projects-in-ama/"> Vitalik Buterin discusses Ethereum’s future and innovative projects in AMA </a>

Vitalik Buterin pitches 3 pathways to simplify Ethereum’s PoS model

crypto.news

Other articles published on Dec 27, 2023

🚨 ENDING SOON - Get your SelfKey iD, Claim 100 SELF!

Legal Challenges Await Post-Bitcoin ETF Approvals, Experts Sound The Alarm

Why is crypto down today?

BitMEX Sees SEC’s Stance As Impending Threat To Crypto ETF Efficiency

VCs Bet Over $360 Million on Top Projects in Q4 as Crypto Investments Show Signs of Recovery

Nigeria: Yellow Card Foresees Spike in Crypto Usage in 2024 Following CBN Circular

Join our free newsletter for daily crypto updates!