Ethereum

Cryptocurrency

Vitalik Buterin, the visionary behind Ethereum, has put forward a transformative proposal for Ethereum's proof-of-stake (PoS) system that aims to address scalability issues and improve decentralization.
<h2 id="ethereum-founder-proposes-revision-of-proof-of-stake-mechanism">Ethereum Founder Proposes Revision of Proof-of-Stake Mechanism</h2>
At the heart of Buterin's proposal is a fundamental shift in the way Ethereum manages validator signatures within its PoS framework.
Currently, Ethereum has 895,000 validating objects, encouraging decentralization and broad participation in staking. However, this approach leads to a large processing overhead as the chain deals with a large number of signatures per slot.
In response to these challenges, Buterin proposes getting rid of the expectation of constantly increasing signings per slot.
Related News: <a href="https://en.bitcoinsistemi.com/hong-kong-which-wants-to-become-a-cryptocurrency-center-is-preparing-to-enact-a-law-to-regulate-stablecoins/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong, Which Wants to Become a Cryptocurrency Center, is Preparing to Enact a Law to Regulate Stablecoins</a>
This approach includes focusing on decentralized staking pools, potentially increasing the minimum deposit size and placing a cap on the number of validators.
Buterin also recommends a two-layer system with a heavy layer for precision and a lightweight layer for additional security.
This approach introduces the concept of rotating participation, where a subset of validators are selected for each slot and participation probabilities are determined by stake size.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/new-statement-from-ethereum-founder-vitalik-buterin-ethereum-needs-revision/" rel="noopener noreferrer nofollow">New Statement from Ethereum Founder Vitalik Buterin: "Ethereum Needs Revision!"</a>

New Statement from Ethereum Founder Vitalik Buterin: "Ethereum Needs Revision!"

Table of Contents

Bitcoin Sistemi EN

Other articles published on Dec 27, 2023

Solana Price Prediction As Rug Pull Fears Mount, Time To Sell SOL?

Chainlink: Here's How to Be a Millionaire When LINK Hits $50

MicroStrategy Now Holds 189,150 Bitcoin (BTC) Worth $8.1 Billion

BONK price sees 12% drop as Solana pares gains

Top crypto fundraisings for 2023 – What’s the 2024 market direction?

Solana’s Inflation Puzzle: Risks and Hidden Costs

Join our free newsletter for daily crypto updates!