Vitalik Buterin, co-founder of Ethereum, has proposed to significantly improve Ethereum's consensus proof-of-stake mechanism by lowering the validator lock threshold from 32 ETH to 1 ETH.
Buterin said that "lowering the minimum bet to 1 #ETH will solve the problem preventing more people from placing single bets, thus democratizing betting and making #Ethereum more decentralized.
Ethereum currently requires 32 ETH to become a validator. This limit is designed to balance security, decentralization, and overhead. However, Buterin's new proposal argues that such a high #threshold is an obstacle for small participants and single bettors who want to contribute to Ethereum's security but cannot prepare a large blockchain.
lowering the threshold to just 1 ETH could significantly lower the barrier to entry, encourage more single-stakers to join the network and possibly limit the centralization of staking. Buterin believes that this is in line with Ethereum's long-term vision of becoming accessible to a wider range of users.
One of the challenges of lowering the threshold is maintaining efficiency without overloading the network; Buterin noted that lowering the threshold could lead to an increase in the number of validators, which would slow down the completion process and increase the operational costs of node management.
To address this issue, Buterin also proposed the concept of "single-slot finalization.
This would speed up block verification, reducing the completion time from the current 15 minutes to about 12 seconds.
This would not only improve the user experience, but also ensure Ethereum's security even as the number of verifiers increases.
The Ethereum community has long debated the viability of staking. Many solo stakers have expressed dissatisfaction with the 32 ETH requirement, and Buterin's proposal could be a turning point in empowering smaller participants. However, its implementation will require extensive testing and research to ensure that the stability of the network is not compromised.
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