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ethereum's Buterin has revealed plans to improve the network's consensus model, focusing on single-slot finality, staking accessibility, and greater validator participation.
Despite the successful completion of Merge, an essential upgrade that transitioned ethereum's consensus algorithm from proof-of-work to proof-of-stake, network co-founder Vitalik Buterin notes that there are still “some important areas in which that the test- the stakes must improve.”
on a monday eth.limo/general/2024/10/14/futures1.html” target=”_blank” rel=”nofollow”>blog postOn October 14, Buterin emphasized that critical improvements are still needed to mitigate centralization risks and improve overall functionality. The roadmap distinguishes between technical improvements, such as stability and accessibility for validators, and economic changes aimed at addressing centralization.
One important area highlighted is the desire for single-slot finality, which would reduce the current block completion time from 15 minutes to just 12 seconds (or even four seconds), a change that would “significantly improve the user experience both of the cape as well as of the cape”. 1 and based accumulations, while making decentralized financial protocols more efficient.”
Another pressing concern is democratization. Currently, a minimum of 32 eth (around $81,500 at current prices) is required to participate in staking, a significant limitation, in light of which Buterin suggested lowering the threshold to 1 eth in an effort to increase participation in individual staking.
“Survey after survey repeatedly shows that the main factor preventing more people from staking solo is the 32 eth minimum. Reducing the minimum to 1 eth would solve this problem, to the point where other concerns become the dominant factor limiting individual bets.”
Vitalik Buterin
To achieve these improvements, Buterin outlined several strategies. One proposed solution, called “brute force,” involves improving signature aggregation through the potential use of ZK-SNARKs, enabling processing of signatures from millions of validators within each slot.
Additionally, it introduced the concept of “orbital committees,” which would involve randomly selected medium-sized committees tasked with finalizing the chain while maintaining strong security features.
For betting challenges, Buterin suggested a “two-tier betting” model, which would allow two classes of participants: one with higher deposit requirements and one with lower requirements, an approach that would create a more inclusive environment for bettors. participants and at the same time would guarantee the economic purpose. .
While the timeline for implementing these proposals remains uncertain, Buterin emphasized the need for continued development to strike a balance between simplicity and functionality, reiterating the importance of identifying a protocol that is “simple enough that we feel comfortable implementing it in the main network”.
