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GLOBAL – Ethereum co-founder Vitalik Buterin today presented a proposal to change the blockchain’s proof-of-stake (PoS) consensus mechanism. This proposal aims to address the growing complexity of the network and the expected increase in demand for digital signatures. Mr. Buterin’s proposal suggests a significant reduction in the number of signatures required per slot, bringing it down to 8,192.
The proposed changes aim to simplify the protocol and strengthen overall security while preserving Ethereum’s commitment to its core principles of decentralization and user experience. The proposal notably includes increasing the ether stakes required for validators. This measure aims to rationalize the number of validators and improve the benefits of consolidation.
In detail, the adjustments would include
- Implementing a two-tiered staking system, designed to differentiate roles between stakers based on their engagement levels and capabilities.
- Adjustment of decentralized staking pools.
- The introduction of a validator rotation mechanism for fair selection of validators per slot. This mechanism aims to distribute responsibilities in a balanced manner across the network while maintaining its decentralized framework.
By introducing these measures, Buterin envisions a more streamlined and efficient PoS mechanism for Ethereum, which is essential for the scalability and performance of the network. The community and stakeholders in the Ethereum ecosystem are currently evaluating the implications of the proposed changes. These measures are designed to refine Ethereum’s PoS mechanism by reducing signature requirements and ensuring a fair distribution of tasks among validators, while preserving the integrity of the network.
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