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In a new blog post, Vitalik Buterin offers three approaches to simplify the Ethereum network’s high validator load. Ethereum creator Vitalik Buterin published a blog post today proposing to reduce the network’s load associated with its high validator count. The number of validators reaches roughly 895,000. This high figure supports decentralization–allowing even regular individuals to participate in staking–but strains the network due to the huge number of signatures it has to process. According to Buterin, the load and technical complexity is currently too high, and needs addressing. Ether is posting a green day, surging 6.1% to $2,389 in the past 24 hours, according to Coinstats. Ethereum Price Chart | Source: Coinstats   Buterin reckons that the current signature aggregation system–which processes roughly 28,000 signatures per slot–breeds systemic complexity and doesn’t reach the end goal of allowing anybody to stake. “It seems infeasible to make an everyone-signs-in-every-slot system truly enable staking for the average person in the long term: if Ethereum has 500 million users, and 10% of them stake, then that implies 100 million signatures per slot,” Buterin wrote. Ethereum Slots A slot refers to a unit of time in the Ethereum network. A time period of 12 seconds is given for the network to choose a random validator to propose a block to the slot. Ethereum’s co-founder considers sticking to 8,192 signatures per slot (in lieu of the current 28,000) moving forward would reduce the technical complexities that the network currently grapples with. See Also: Tether Minted $1B USDT For ‘Inventory Replenish’ On Christmas Day Buterin’s Three Approaches Proposing three approaches to broach the issue, Buterin starts off with going all-in on decentralized staking pools.  This would require raising the minimum deposit size to 4,096 ETH, incentivizing small-staker to join these pools. Buterin’s second approach is to create two…

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Filed under: News - @ December 28, 2023 11:12 am