Sun 28 Jul 2024 ▪
3
min of reading ▪ by
Vitalik Buterin, co-founder of Ethereum, recently responded to growing concerns about the decentralization of the Ethereum network, raised by Péter Szilágyi, a key developer of the team. Szilágyi had expressed concerns about the direction Ethereum’s development was taking. He suggests that some decisions could favor the centralization of the crypto network.
Vitalik Buterin responds to concerns about decentralization!
Buterin firmly rejected these allegations, highlighting the ongoing efforts to maintain a decentralized structure. During a recent Ethereum Foundation research workshop, several strategies aimed at minimizing centralization were discussed. Among these:
- The exploration of multiple proposers models to reduce the role of builders.
- Improvement of inclusion lists.
- Review of fork selection methods based on the inclusivity of crypto transactions.
One of Szilágyi’s main concerns is related to the PeerDAS upgrade proposal, which aims to increase the size of Ethereum blobs to 32 MB. Szilágyi has expressed fears that this change could harm home stakers, potentially compromising the network’s decentralization. He suggested that this modification could favor larger and more centralized entities, enabling them to dominate the crypto network.
In response to these concerns, Buterin proposed several realistic adjustments to the current roadmap. He notably mentioned accelerating the deployment of the Orbit mechanism! This could significantly reduce the minimum deposit size for staking, making participation more accessible. By lowering entry barriers, more people could participate in securing the crypto network, thus reducing the risk of centralization.
Decentralization, a priority for Ethereum!
Buterin also emphasized the importance of maintaining Ethereum’s decentralized ethos while balancing technological advancements. He reaffirmed that decentralization remains a central priority for the project! This, despite ongoing challenges and regulatory pressures.
Vitalik Buterin’s recent statements aim to reassure the crypto community about the project’s continued commitment to decentralization. The ongoing discussions and upgrade proposals demonstrate the development team’s willingness to find a balance between technological advancements and fundamental decentralization principles.
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
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