Measures Proposed by Vitalik Buterin Boost ETH Price with Simplified PoS Design

Ethereum’s co-founder, Vitalik Buterin, has put forward a plan to reduce strain on the Ethereum blockchain and streamline its Proof of Stake (PoS) consensus.

The proposed changes are meant to decrease the number of signatures validators must generate to maintain the network’s operation, ultimately easing the overall load on the Ethereum blockchain.

Ethereum Co-Founder Proposes Adjustments

Ethereum’s ambition to achieve decentralization and engage regular users in staking by supporting approximately 895,000 validators has encountered substantial technical challenges.

The necessity to process a large number of signatures, roughly 28,000 per slot, places a heavy burden on the network. The current approach presents drawbacks including limitations on quantum resistance, complex forking, and the necessity to scale signatures through zero-knowledge proofs (SNARKs).

Addressing these issues, the Ethereum co-founder proposes reducing the number of signatures per slot to a more manageable level, aiming for technical simplification and improved quantum resistance.

The current approach of aiming for decentralization and broad participation by supporting approximately 895,000 validators on Ethereum falls short of fulling enabling ordinary individuals to participate due to the high minimum requirement of 32 ETH to become a validator.

Thus, Buterin suggests transitioning to a moderate solution with approximately 8,192 signatures per slot, reducing the current load of 28,000 signatures.

Reducing the number of signatures per slot to around 8,192 on Ethereum, as proposed by Buterin, would enable major technical simplification, enhance the chain’s quantum resistance, and maintain a significant total slashable ETH at around 1-2 million ETH. Slashing, a mechanism to enforce good validator behavior, would remain effective with this adjustment.

Buterin suggests three potential approaches to achieve this: relying on decentralized staking pools, implementing a two-tiered system with “heavy” and “light” staking, and introducing rotating participation with accountable committees.

Ethereum Looks to Enhance Protocol Development

The proposed solutions aim to reduce the digital signature load to a manageable level. The key advantage would be setting the future signature load at a manageable level, making protocol and infrastructure development much easier.

According to Buterin, the future load of the Ethereum protocol becomes a known factor, allowing for potential adjustments through hard forks when developers are confident that technology has improved enough to handle a larger number of signatures per slot with the same ease.

Buterin cautioned in May about the risks associated with “stretching” Ethereum’s consensus beyond its fundamental roles of validating blocks and ensuring network security.

Meanwhile, Ethereum has gained attention and is experiencing a surge. Over the last 24 hours, the ETH is up 4.4%, trading at $2,391.24 at the time of writing.

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