🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

Video Courses
Video Courses
Scale your career with online video courses. Dive into your learning adventure!

Vitalik Buterin Issues a "Simplification Proposal" for Ethereum PoS

Vitalik Buterin Issues a "Simplification Proposal" for Ethereum PoS

Key Takeaways

  • Vitalik Buterin proposes reducing Ethereum's signature requirements to streamline PoS.
  • The proposal aims to simplify the network while maintaining security and decentralization.
  • Buterin's plan includes possible strategies for manageable future scalability.

Vitalik Buterin, the co-founder of Ethereum, has put forward a proposal to make Ethereum's proof-of-stake (PoS) consensus mechanism more efficient and user-friendly.

On December 27th, he suggested a method to significantly reduce the number of signatures required by validators, thereby easing the network's load.

5 Best Crypto Portfolio Diversification Strategies (Animated Explanation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

5 Best Crypto Portfolio Diversification Strategies (Animated Explanation)

5 Best Crypto Portfolio Diversification Strategies (Animated Explanation) 5 Best Crypto Portfolio Diversification Strategies (Animated Explanation)

Ethereum's network, supporting about 895,000 validators, aims for broad decentralization and allows public participation in staking. However, the sheer number of validators necessitates processing approximately 28,000 signatures per slot, which Buterin described as a "very high load."

This complexity leads to challenges like limited quantum resistance, complicated forking processes, and the need for scaling signatures through zero-knowledge proofs (SNARKs).

Buterin also pointed out that the current system doesn't fully enable average individuals to participate due to the high minimum requirement of 32 Ether (ETH) to become a validator.

To address these issues, he proposed reducing the signatures per slot to around 8,192 from the current 28,000. This reduction would simplify the technical aspects, enhance quantum resistance, and maintain a high total of slashable ETH (1-2 million ETH), which is critical for ensuring validator compliance.

Buterin proposed three strategies for this transformation: using decentralized staking pools, implementing a dual-tier staking system with "heavy" and "light" categories, and introducing rotating participation with accountable committees. These solutions aim to make the digital signature load manageable and simplify protocol and infrastructure development.

Buterin emphasized that this change would stabilize the future signature load of the Ethereum protocol, making it easier for developers to scale the number of signatures-per-slot in the future.

This proposal aligns with his earlier concerns expressed in May about the risks of overextending Ethereum's consensus beyond its primary functions of block validation and network security.

Buterin's proposal represents a strategic move towards optimizing Ethereum's PoS mechanism. Ethereum can balance decentralization, security, and efficiency by reducing the number of required signatures. This change, if implemented, could mark a significant step forward in Ethereum's ongoing evolution, ensuring that it remains robust and scalable as it continues to grow and adapt to the demands of the blockchain world.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.



Earn Huge Exclusive Binance Learners Rewards