Vitalik Buterin spoke about possible threats to the centralization of Ethereum

Vitalik Buterin spoke about possible threats to the centralization of Ethereum

by Яночка

2 years ago


Ethereum co-founder Vitalik Buterin identified three main problems that threaten the decentralization of the network: MEV, liquid staking and the cost of running a full node.

Vitalik Buterin published an unscheduled post on Twitter in response to criticism from key developer of the Geth client Peter Szilágyi.Buterin agreed with the concerns expressed by the programmer, calling them justified.

Regarding MEV, Buterin noted two approaches to protect users: “minimization” and “quarantine.”The first approach involves reducing additional profit due to the protocol architecture, such as in CowSwap.

The second approach involves using in-protocol methods to reduce or eliminate MEV.Buterin noted that minimization cannot completely eliminate MEV, while quarantine may be accompanied by risks of centralization.“If developers can completely exclude transactions from a block, this could lead to attacks,” Buterin said, but admitted that developments in this direction are “really interesting.”Buterin also noted the low popularity of individual staking.Most users prefer centralized services such as Coinbase, or DeFi platforms such as Lido or RocketPool.

He named the main reasons for this as the need for a deposit of 32 ETH to obtain validator status and the high requirements for hard disk space to run a full node - at least 4 TB.

Buterin proposed reducing the deposit size and reducing the withdrawal time to increase the availability of staking.

He added that the issue raises a number of philosophical questions, especially in the area of staking economics.

Wrong decisions can lead to centralization and the ‘re-creation of the traditional financial system’; the right decisions can create a successful ecosystem with a diverse set of individual stakers and decentralized poolsButerin wrote

To reduce the hardware requirements for running a node, Buterin noted the importance of implementing the Werkle tree and EIP-4444.

If both options are implemented, node hardware requirements could drop to less than 100 GB, and perhaps to almost zero if we completely eliminate the need for history storage for non-staking nodes.Buterin said

He associates further progress in this direction with the development of ZK-EVM, which will eliminate the need to perform calculations using only evidence.

There are many blockchain projects focused on high speed with an emphasis on decentralization later. I don't think Ethereum should be one of them concluded Buterin

Let us recall that in March the programmer called the next five years “decisive” for the mass adoption of Ethereum

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Trump Calls for Passage of Clarity Act to Boost U.S. Crypto Market

chest

President Trump called for Congress to pass the Clarity Act to establish federal rules for digital assets and maintain U.S. leadership in the crypto market.

user avatarDavid Robinson

GTA 6 Gameplay Leaks Cause Stock Decline for Take Two

chest

This week, the highly anticipated release of GTA 6 from Rockstar Games and Take Two Interactive has been marred by several gameplay leaks, causing Take Two's stock to decline over 15%.

user avatarAndrew Smith

Coinbase Refocuses Base App Strategy After Initial Setbacks

chest

Coinbase shifts its strategy for the Base App, moving away from social features to focus on trading and AI tools.

user avatarJacob Williams

Coinbase Launches Leveraged Crypto Derivatives on Base App

chest

Coinbase launches leveraged crypto derivatives on the Base App, allowing users to trade perpetual futures with up to 50x leverage.

user avatarZainab Kamara

Palantir Technologies Reports Stellar Earnings and Revenue Growth

chest

Palantir Technologies has reported a 93% year-over-year revenue surge and a 225% increase in earnings, positioning itself as a leading AI solution.

user avatarSon Min-ho

US Tech Stocks Experience Significant Gains Driven by AI Boom

chest

The US tech stock market has seen substantial gains over the last year, driven by advancements in AI technology.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.