Buterin spoke, Ethereum got stronger: Is the ETH bull coming?

While Vitalik Buterin was producing solutions to the problems in the Ethereum blockchain, the ETH price increased by over 4 percent in the last 24 hours.

Ethereum, considered the pioneer of altcoins, started the week with a significant increase. The ETH price broke the triangle formation that appeared in the graphical view and touched $ 2,750. The rise in question gave signals of a potential altcoin bull.

While $ETH was gaining strength, the statements of Ethereum co-founder Vitalik Buterin attracted attention. Buterin offered solutions that would minimize Ethereum block production and centralization problems.

Vitalik Buterin suggested limiting the amount of ETH a user can stake on the Ethereum blockchain and changing the staking penalty.

Buterin stated that small pools in staking were transferred to larger pools and that the pools in question accounted for 88 percent of Ethereum blocks. Stating that the staking system is centralized, Buterin noted the following sentences;

“One of the biggest risks for the Ethereum blockchain is the centralization of proof-of-stake due to economic pressures.”

Buterin stated that the monopolization of large pools in staking could lead to transaction censorship and potential crises.

According to Buterin, staking 30 percent of the ETH supply is enough to protect Ethereum from 51 percent attacks. On the other hand, the fact that 88 percent of the $ETH supply is staked poses additional risks.

Focusing on solving the problems in question, Buterin suggested limiting the amount of $ETH ETH a user can stake. Thus, it is aimed to narrow the pools.

Another suggestion by the Ethereum founder was to determine the staking penalties. According to the suggestion, 12.5 percent of the ETH staked by the user will be deducted in cases of penalties. The penalty system is expected to end the monopolization in large pools.

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