Buterin suggests reducing the minimum ethereum stake to 1 eth.
Concerns about bandwidth viability affect changes in betting.
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ethereum co-founder Vitalik Buterin has expressed support for lowering the minimum Ether (eth) deposit required for solo staking, recognizing its importance in allowing more cryptocurrency investors to earn passive income and strengthening network security.
On October 3, Buterin joined a community discussion on x to advocate for reducing the current 32 eth minimum deposit for individual bettors. Individual bettors run full nodes using private computing equipment without relying on third-party services or betting pools. However, the significant 32 eth requirement has been a barrier to broader participation.
Buterin emphasized the critical role of individual participants in improving the security and decentralization of ethereum during the ethereum Singapore 2024 event in September. He noted that even a small percentage of individual bettors can provide an important decentralized layer of protection for the network against potential 51% attacks.
Temporary solutions for a long-term vision
In the recent discussion on x, Buterin proposed temporary solutions to nurture a larger community of individual bettors. One idea involved increasing bandwidth requirements in exchange for lowering the minimum staking deposit to 16 or 24 eth. However, one ethereum developer noted that bandwidth availability for home networks varies by location, which could work against the intended goal.
“(…) once we discover the peerdas, the bandwidth requirements decrease again, and once we discover the purpose of the single slot orbit (SSF), the minimum deposit can drop to 1 eth” Buterin said, outlining his long-term vision.
In fact, reducing the individual staking requirement to 1 eth could significantly increase staking and improve ethereum's decentralization.
The push to reduce staking requirements aligns with Buterin's recent call for ethereum projects that claim to be Layer 2 networks to reach “Stage 1” by the end of 2024 or risk losing that designation. These initiatives reflect ongoing efforts to improve the accessibility, security, and decentralization of ethereum as the network continues to evolve.
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