ETH
by BSCN
December 28, 2023
Considering the network's current issues with processing a high number of signatures, Buterin's proposals aim to maintain decentralization while reducing signature workload.
Ethereum co-founder Vitalik Buterin has outlined three potential solutions to address the inherent complexity within Ethereum's proof-of-stake (PoS) consensus mechanism. The co-founder expressed concern over the current systemic intricacies at the core of Ethereum's PoS and put forth his proposals to streamline the process.
Buterin's first proposal suggests designing a system that requires only 8,192 signatures per slot, even with the inclusion of SSF (super simple fast), thereby significantly simplifying and lightening the consensus implementation.
Ethereum, in its pursuit of decentralization, currently supports an extensive network of validators, numbering around 895,000. This endeavor, however, introduces technical challenges as the network must process a substantial number of signatures—approximately 28,000 per slot.
Buterin highlighted the considerable load this places on the network, leading to sacrifices such as compromised quantum resistance, intricate forking processes, and scaling signatures through zero-knowledge proofs (SNARKs).
According to Buterin, upcoming upgrades are slated to further escalate signature requirements, prompting Buterin to propose three strategic pathways to mitigate this challenge.
The first solution centers around encouraging mergers between validator teams by raising the minimum Ether (ETH) required to operate an Ethereum validator. This approach leverages the network's decentralized staking pools.
The second proposal involves dividing staking layers into two distinct categories. One layer imposes stricter parameters, while the other offers more flexible conditions. Both layers operate independently, adhering to slightly different blockchain rules that align with Ethereum's overarching ethos.
The third, and most intricate, solution entails randomizing a set of validators from a pool of network participants. This approach involves different teams signing each slot, maintaining the 8,192 signatures required.
Ensuring fairness, transparency, network security, and efficiency during the random selection process becomes crucial, striking a balance between reducing the signature burden and preserving a diverse and decentralized pool of validators.
Each proposed solution comes with its own set of advantages and challenges. The common thread across all three approaches is the delicate equilibrium between reducing the signature workload and upholding Ethereum's commitment to decentralization.
The primary advantage lies in establishing a manageable future signature load, easing the development of protocols and infrastructure.
As Buterin noted, Ethereum protocol adjustments can only be made through hard forks if developers are confident the technology can handle an increased number of signatures-per-slot seamlessly.
Buterin had previously warned against "stretching" Ethereum's consensus beyond its core functions in May, highlighting the need to preserve the network's foundational principles of validating blocks and securing transactions.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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