Summary
Ethereum creator Vitalik Buterin has proposed three approaches to reduce the network’s load associated with its high validator count. The current number of validators on the Ethereum network is approximately 895,000, which supports decentralization but strains the network due to the large number of signatures it has to process. Buterin believes that the current signature aggregation system is too complex and does not achieve the goal of allowing anyone to stake. He suggests reducing the number of signatures per slot from 28,000 to 8,192 to simplify the network. His three proposed approaches include focusing on decentralized staking pools, creating two layers of stakers, and rotating communities of active validators. The community now needs to decide which approach to implement.
Key Points
1. Vitalik Buterin proposes three approaches to simplify the network’s high validator load in Ethereum. The current number of validators is approximately 895,000, which supports decentralization but strains the network due to the processing of a large number of signatures.
2. Buterin suggests reducing the current signature aggregation system to 8,192 signatures per slot instead of the current 28,000. This would help reduce technical complexities in the network.
3. The three approaches proposed by Buterin include going all-in on decentralized staking pools, creating two layers of stakers with different deposit sizes, and implementing rotating communities for increased security. Each approach has its advantages and drawbacks, and the community will need to decide which one to implement.