Summary
TLDR: Vitalik Buterin wants to improve decentralization on the Ethereum network by modifying its penalty system for validators who fail to do their job. His proposal aims to discourage large stakers and pools from controlling multiple validators on shared infrastructure, ultimately promoting a more distributed and resilient network. Further research is needed to refine the penalty system and ensure it effectively promotes decentralization without unintended consequences.
Key Points
1. Ethereum co-founder Vitalik Buterin is working on improving decentralization on the Ethereum network by proposing modifications to the penalty system for validators.
2. Buterin’s proposal aims to address the issue of large stakers or pools controlling multiple validators from the same infrastructure, which can lead to correlated failures, by increasing penalties for such actions.
3. The proposed penalty mechanism adjusts penalties based on the average rate of missed attestations, making it less economically viable for large stakers to run multiple validators on shared infrastructure, ultimately encouraging a more distributed and resilient network.