11 Comments

  1. InclineDumbbellPress on

    Ive been waiting for this for 3 years but 1 ETH is too low. Rip yield if it happens

  2. GreedVault on

    Explain to me how this helps with decentralisation. The rich who hold the most ETH are still the ones controlling the most validators.

  3. coinfeeds-bot on

    tldr; Vitalik Buterin proposes reducing Ethereum’s validator threshold from 32 ETH to 1 ETH to democratize staking and enhance decentralization. The current 32 ETH requirement is seen as a barrier for smaller participants. Lowering it to 1 ETH would encourage more solo stakers, potentially decreasing centralization. Buterin also suggests a ‘single-slot finality’ feature to speed up block confirmations and maintain network efficiency. This proposal aims to make Ethereum more accessible while ensuring security and stability.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  4. **No Vitalik didn’t. It’s not a proposal.**

    Please don’t read this bullshit article and instead read the original source from Vitalik: https://vitalik.eth.limo/general/2024/10/14/futures1.html

    All Vitalik was doing is explaining the “Possible futures of the Ethereum protocol” and what their tradeoffs would be.

    1. **Remain at the status quo**: a balance of decentralization, time to finality, and node overhead
    1. **Maximize validator count** (e.g. decrease validator requirements from 32 Eth to 1 Eth) – Better for solo-stakers, but not really due to node requirements
    1. **Minimize Time to (economic) finality** (i.e. Single-slot finality) – Not just technical finality like Algorand but meaningful economic finality
    1. **Minimize overhead** of running of a verification node

    It’s a trade-off between 3 goals, and you can’t maximize all three.

    ————————–

    BLS aggregation, which is already incredibly fast (log2 n), cannot decrease to Single-Slot Finality time with Ethereum’s current amount of decentralization. So Vitalik brings up several proposals like Orbit Committees and Two-Tiered Staking that can reduce the time to economic finality.

    * **Orbit SSF Committees**: A complex validator rotation/selection sampling method that always includes high-amount stakers, so it has a high chance of being true while still including rotations of low-amount stakers
    * **Two-Tiered Staking** allows for lower-amount stakers to delegate to higher-amount stakers, allowing for faster attestation and finality
    * **Brute-Force SSF**: a method that requires high tech that hasn’t been solved yet. (I don’t fully understand this proposal, and it’s my first time hearing about it.)

    He also several other related topics:

    **Single secret leader election (SSLE)**: Prevents validator proposers to be known or DoS’ed ahead of time. Would also be replaced by PBS/ABS (Attestor-Builder Separation).

    **Faster transaction confirmation**: e.g. faster block/slot times while not necessarily coupled with reducing finality time. Personally, I think this is kind of pointless without also reducing the finality time.

    **51% attack recovery**: This is actually really important. How does a community recover from a 67% attack past finality? There can be situations where a major client bug causes a fork. Raising the safety threshold higher than 67% is the easy way, but it also makes solo-stakers pointless and reduces censorship resistance.

    Lastly, please keep in mind that these articles are not just single-handedly written by Vitalik. Other core developers and Ethereum Researchers like Justin Drake, Hsiao-wei Wang, antonttc, Anders Elowsson, and Francesco contributed to it.

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