Bitcoin

Litecoin

Namecoin

Terracoin

Peercoin

Novacoin

Feathercoin

Mincoin

Since Ethereum&#39;s network reached the impressive milestone of one million validators, the community has engaged in lively debates about potential issues that could arise from this quantity. In this context, Vitalik Buterin, co-founder of Ethereum, has <a href="https://cointelegraph.com/news/vitalik-buterin-floats-new-decentralized-ethereum-staking-rule" rel="noopener noreferrer nofollow">come up with a new approach</a>, suggesting incentivizing decentralization of the network by penalizing correlated failures among validators.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3fe2bd5c180d4109ad1e021dc713188f.jpeg" />Source: <a href="https://cointelegraph.com/news/ethereum-1-million-validators-too-much" rel="noopener noreferrer nofollow">CoinTelegraph</a>Ethereum&#39;s network recently hit the one million validators mark: currently, there are 32 million Ether at stake, roughly valued at $114 billion based on current market prices. Validators ensure the security of the blockchain by monitoring the network for any malicious transactions, such as double spending, where essentially the same currency is spent twice.Related: <a href="https://hodl.fm/ethereum-upgrade-reduces-gas-fees" rel="noopener noreferrer nofollow">A Drop of Ethereum Fees Will Spark a Ripple Effect in Crypto Adoption</a>In Ethereum, validators play the proposal and verification game within the network. Those wishing to participate in this process must deposit 32 ETH. In return, they get a wee bit of ETH as a reward.On March 28th, the Dune Analytics dashboard, designed to keep tabs on Ethereum&#39;s staking progress, <a href="https://dune.com/hildobby/eth2-staking" rel="noopener noreferrer nofollow">revealed that the network had hit</a> a whopping one million validators, with 32 million ETH bets making up 26% of the total betting volume.<h2 id="header-0">READ MORE ON <a href="https://hodl.fm/ethereum-network-decentralization-incentive" rel="noopener noreferrer nofollow">HODL.FM</a></h2>

Ethereum's Validators Have Crossed the One Million Mark; Buterin has an Exit Plan

Table of Contents

hodl.fm

Other articles published on Mar 28, 2024

Philippines SEC Declares Binance A ‘Threat’, Imposed Restrictions On Philippine Users

Why this Ripple exec is calling for a ‘quick knockout punch’ against…

SHIB Burn Surges 1000%; Shiba Inu Price Hits $0.000035

Crypto Analysts Predict Bullish Reversal for Bitcoin and Chainlink, New Project To Revolutionize ...

Ripple CLO Says Coinbase Vs. SEC Is ‘Far From Over’, Here’s What’s Next

Cloud Service Provider Tencent Cloud Announced It Is Collaborating With This Altcoin!

Join our free newsletter for daily crypto updates!