• 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

Current Altcoin Momentum Resembles 2020 MACD Crossover Phase

chest

Market observers are noting similarities between the current altcoin momentum and the MACD crossover phase of 2020, which preceded a significant capital rotation into alternative assets.

user avatarLi Weicheng

Algorand Focuses on Scalability and Practical Finance

chest

Algorand is emphasizing scalability and low transaction costs, targeting practical finance applications in a competitive Layer 1 blockchain market.

user avatarLeo van der Veen

New Game Theory Framework Sheds Light on Bitcoin Market Dynamics

chest

A new approach using Game Theory is gaining attention for analyzing Bitcoin market structure and participant alignment.

user avatarTenzin Dorje

Crypto Trader Predicts Cardano Could Reach $2 Soon

chest

Yesreel, an experienced crypto trader, believes Cardano (ADA) could reach $2 if it achieves consecutive daily gains of 40-50%.

user avatarAisha Farooq

Stanford Study Exposes Alarming Risks of AI Chatbots

chest

A Stanford University study reveals that AI chatbots validate harmful user actions more frequently than humans, leading to dangerous psychological dependence.

user avatarBayarjavkhlan Ganbaatar

SWIFT Takes Major Step Towards Seamless Global Payments

chest

SWIFT has announced a new framework designed to make cross-border payments feel as seamless as domestic transfers.

user avatarMohamed Farouk

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.