Vitalik Buterin proposes to make Ethereum PoS ‘lighter and simpler’
Ethereum co-founder Vitalik Buterin has proposed a way to reduce the load on the Ethereum blockchain and make its proof-of-stake (PoS) consensus “considerably simpler and lighter.”
On Dec. 28, Vitalik Buterin proposed a method of reducing the number of signatures that validators are required to make to keep the network running, thus reducing load.
Ethereum currently supports a very high number of validators, around 895,000, to try to achieve decentralization and allow regular people to participate in staking .
However, supporting this many validators comes with major technical downsides as it requires the network to process a huge number of signatures, around 28,000 per slot, “which is a very high load,” he noted.
A PoS simplification proposal: make a design that only requires 8192 signatures per slot (even with SSF), making the consensus implementation considerably simpler and lighter. https://t.co/Z8mK7vZx7g
— vitalik.eth (@VitalikButerin) December 27, 2023
Moreover, supporting this load entails several sacrifices, such as limiting quantum resistance, complicated forking, and scaling signatures through zero-knowledge proofs (SNARKs), he explained.
It also does not fully achieve the goal of enabling ordinary people to participate, as the 32 ETH minimum to become a validator is still too high for many.
Instead of trying to make an ever-increasing number of signatures per slot work, Buterin advocated moving to a moderate solution with around 8,192 signatures per slot down from the current 28,000.
This would allow major technical simplification, make the chain more quantum-resistant, and still keep the total slashable ETH high at around 1-2 million ETH. Slashing is a mechanism put in place to enforce good validator behavior.
Buterin suggested three potential approaches: relying entirely on decentralized staking pools, a two-tiered system with “heavy” and “light” staking, and rotating participation with accountable committees.
The proposed solutions aim to reduce the digital signature load to a manageable level.
Calculations for a rotating participation method. Source: ethresear.chRelated: Vitalik Buterin warns against overloading Ethereum consensus layer
The key advantage would be setting the future signature load at a manageable level, making protocol and infrastructure development much easier.
“The future load of the Ethereum protocol becomes no longer an unknown,” he said before concluding that “it can be raised in the future through hard forks, but only when developers are confident that technology has improved enough to be able to handle a larger number of signatures-per-slot with the same level of ease.”
In May, Vitalik Buterin warned of the dangers of “stretching” Ethereum’s consensus past its core functions of validating blocks and securing the network.
Magazine: ‘Account abstraction’ supercharges Ethereum wallets: Dummies guide
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Price Set for Breakout Amid Parallels to 2017’s Epic Rally
MAJORUSDT now launched for futures trading and trading bots
Bitget has launched MAJORUSDT for futures trading with a maximum leverage of 20, along with support for futures trading bots, on November 28, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. MAJORUSDT-M perpetual futures: Parameters Details Listi
Top Altcoins with Rising Sentiment Post-Market Recovery
Pump Science apologizes after GitHub key leak leads to fraudulent tokens
Share link:In this post: The DeSci platform Pump Science has warned its users not to trust any tokens launched using its Pump.fun profile. Pump Science said it would never launch its tokens on Pump.fun. While Pump Science holds BuilderZ partially responsible for the security breach, it does not think BuilderZ was the attacker.