• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
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

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Binance Expands Trading Options for Indonesian Clients

chest

Binance is set to add 31 new trading pairs on its Spot platform, specifically targeting Indonesian users.

user avatarKaterina Papadopoulou

Naver Corp and Dunamu Inc Announce $7 Billion Investment in AI and Blockchain

chest

Naver Corp and Dunamu Inc have announced a $7 billion investment in AI and blockchain technologies following their merger.

user avatarMaya Lundqvist

Hong Kong's First Criminal Case Against Unlicensed Financial Influencer Concludes

chest

Hong Kong's first criminal case against unlicensed financial influencer Zhou Baixian concludes with a sentence for providing unlicensed investment advice.

user avatarLeo van der Veen

DeFiChain Shows Potential with 137K Events

chest

DeFiChain DFI posts 137K events, indicating potential upgrades and renewed interest in the token.

user avatarLi Weicheng

Deepbook Protocol Gains Momentum with 1.321M Events

chest

Deepbook Protocol DEEP secures third place in DeFi development, indicating a rise in concentrated liquidity mechanisms on the Sui network. This activity signals growing momentum in the DeFi space.

user avatarTenzin Dorje

Lido DAO and ShapeShift Maintain Steady Progress

chest

Established players Lido DAO and ShapeShift continue to show steady development in the DeFi space.

user avatarLi Weicheng

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.