May 20, 2024

Ethereum developers propose to increase the entry threshold for network validators by 6400%

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Ethereum developers propose to increase the entry threshold for network validators by 6400%

The minimum balance for Ethereum network validators should be increased from 32 ETH to 2048 ETH, according toThe main argument is that changing the limit will increase the efficiency of the blockchain.

The main developers of Ethereum draw the attention of the community to the fact that the exponential growth of validators negatively affects the efficiency of the network and does not allowQuickly solve problems faced by large node operators.

According to the authors of the idea, the limit of 32 ETH was originally proposed to guarantee decentralization.Currently, more than 600,000 validators are already connected to the network, with around 90,000 more waitingAs a result, the load on Ethereum becomes excessively high.

Proponents of the proposed solution say that adjusting the balance limit will benefit large node operators, such as cryptocurrency exchanges.For example, Coinbase, which manages tens of thousands of validators.Operators of large nodes can streamline operations by maintaining fewer validators at higher rates, indirectly reducing complexity and resource requirements.

Since the developers of the Ethereum network could not come to a consensus on a possible increase in the limit of validator balances, the continuation of the discussion and the collection ofcommunity opinions have been migrated to social media platforms ETHMagicians and Discord.

Previously, the co-founder of Ethereum published
a post about three “major technical innovations” that are necessary to guarantee the success of the network of the second largest cryptocurrency by capitalization.