BPOI Banner
Vitalik Buterin Says Reducing Validator Stake From 32 to 1 ETH a Possible Future for Ethereum Vitalik Buterin Says Reducing Validator Stake From 32 to 1 ETH a Possible Future for Ethereum

Vitalik Buterin Says Reducing Validator Stake From 32 to 1 ETH a Possible Future for Ethereum

Vitalik Buterin has floated the idea of dramatically reducing the amount of ETH that’s required to be an Ethereum staker.

In a new blog post, the Ethereum founder notes that it currently takes approximately 15 minutes to finalize a block and 32 ETH is required to serve as a staker.

Buterin says these specs were a compromise designed to find a compromise between three goals: maximizing the number validators that can stake, minimizing the time to finality and minimizing the overhead of running a node.

The Ethereum founder says those requirements could change, however.

“Ideally, we want to preserve economic finality, while simultaneously improving on the status quo in two areas:

  1. Finalize blocks in one slot (ideally, keep or even reduce the current length of 12s), instead of 15 min
  2. Allow validators to stake with 1 ETH (down from 32 ETH)

The first goal is justified by two goals, both of which can be viewed as “bringing Ethereum’s properties in line with those of (more centralized) performance-focused L1 chains”.

First, it ensures that all Ethereum users actually benefit from the higher level of security assurances achieved through the finality mechanism. Today, most users do not, because they are not willing to wait 15 minutes; with single-slot finality, users will see their transactions finalized almost as soon as they are confirmed. Second, it simplifies the protocol and surrounding infrastructure if users and applications don’t have to worry about the possibility of the chain reverting except in the relatively rare case of an inactivity leak.”

Buterin says the reduction in staking requirements would help support solo stakers.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney



Source link

Daily Hodl Staff

https://dailyhodl.com/2024/10/16/vitalik-buterin-says-reducing-validator-stake-from-32-to-1-eth-a-possible-future-for-ethereum/

2024-10-16 16:55:24

bitcoin
Bitcoin (BTC) $ 96,994.99 1.12%
ethereum
Ethereum (ETH) $ 3,379.02 2.45%
tether
Tether (USDT) $ 0.999709 0.03%
xrp
XRP (XRP) $ 2.27 2.16%
bnb
BNB (BNB) $ 666.77 1.86%
solana
Solana (SOL) $ 185.90 4.23%
dogecoin
Dogecoin (DOGE) $ 0.320647 5.28%
usd-coin
USDC (USDC) $ 1.00 0.05%
staked-ether
Lido Staked Ether (STETH) $ 3,376.65 2.38%
cardano
Cardano (ADA) $ 0.914229 5.57%
tron
TRON (TRX) $ 0.248662 1.28%
avalanche-2
Avalanche (AVAX) $ 38.07 6.82%
chainlink
Chainlink (LINK) $ 22.62 5.87%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,014.37 2.32%
the-open-network
Toncoin (TON) $ 5.40 2.09%
sui
Sui (SUI) $ 4.51 4.93%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 5.13%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,604.88 1.23%
hyperliquid
Hyperliquid (HYPE) $ 34.31 4.67%
stellar
Stellar (XLM) $ 0.368999 1.79%
polkadot
Polkadot (DOT) $ 7.14 4.70%
hedera-hashgraph
Hedera (HBAR) $ 0.267221 1.03%
weth
WETH (WETH) $ 3,378.32 2.45%
bitcoin-cash
Bitcoin Cash (BCH) $ 458.27 2.64%
leo-token
LEO Token (LEO) $ 9.34 0.77%
uniswap
Uniswap (UNI) $ 14.16 1.20%
litecoin
Litecoin (LTC) $ 102.43 1.23%
pepe
Pepe (PEPE) $ 0.000018 5.50%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,564.45 2.48%
near
NEAR Protocol (NEAR) $ 5.08 6.21%
ethena-usde
Ethena USDe (USDE) $ 0.999491 0.00%
bitget-token
Bitget Token (BGB) $ 4.22 3.68%
aptos
Aptos (APT) $ 9.54 10.76%
usds
USDS (USDS) $ 0.997179 0.25%
internet-computer
Internet Computer (ICP) $ 10.22 6.85%
aave
Aave (AAVE) $ 307.37 5.49%
crypto-com-chain
Cronos (CRO) $ 0.159777 4.96%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.486409 3.94%
ethereum-classic
Ethereum Classic (ETC) $ 26.45 4.04%
mantle
Mantle (MNT) $ 1.17 4.60%
render-token
Render (RENDER) $ 7.34 4.29%
vechain
VeChain (VET) $ 0.046587 4.75%
mantra-dao
MANTRA (OM) $ 3.76 3.85%
whitebit
WhiteBIT Coin (WBT) $ 24.37 0.66%
monero
Monero (XMR) $ 190.32 1.31%
bittensor
Bittensor (TAO) $ 468.16 3.84%
dai
Dai (DAI) $ 0.999608 0.02%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.30 5.16%
arbitrum
Arbitrum (ARB) $ 0.763106 5.91%
ethena
Ethena (ENA) $ 1.08 10.50%