Buterin speaks, and Ethereum gains strength: Is an ETH bull run coming?

Vitalik Buterin’s efforts to address Ethereum blockchain issues coincided with a 4% price increase for ETH over the last 24 hours.

Ethereum, the leading altcoin, kicked off the week with a strong surge, pushing the ETH price to $2,750 and breaking through a triangle formation in the charts. This rise hints at the potential for a broader altcoin bull run.

As ETH gained momentum, Ethereum co-founder Vitalik Buterin’s statements drew attention. He proposed solutions to reduce Ethereum's block production issues and combat centralization.

Buterin suggested capping the amount of ETH users can stake and revising staking penalties. He noted that smaller staking pools are being absorbed by larger ones, with 88% of Ethereum blocks now controlled by these large pools. He highlighted the risk of centralization in Ethereum’s staking system, stating:

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

Buterin emphasized that staking 30% of ETH is sufficient to guard against 51% attacks. However, having 88% of ETH staked presents additional risks.

To address these problems, Buterin proposed limiting the amount of $ETH an individual can stake, aiming to reduce the dominance of large pools. Additionally, he suggested introducing a 12.5% penalty on staked ETH in case of violations, a move intended to curtail monopolization in staking pools.

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