Ethereum developers have agreed to increase the maximum validator stake from 32 to 2,048 ETH in the upcoming Pectra upgrade, as part of EIP-7251, aiming to enhance network decentralization and fairness in the staking process. This decision reflects a broader push within the Ethereum community to adjust incentives for validators to favor more decentralized and resilient network operations. Vitalik Buterin, Ethereum's founder, has been a vocal advocate for these changes, proposing higher failure penalties for large-scale validators or staking pools to discourage centralization. The Ethereum network recently reached a significant milestone with 1 million validators securing the network, holding a total of 32 million ETH, which constitutes 26% of the supply. This development comes as the community seeks to address a surge in staking demand since the Shapella upgrade.
Ethereum's 13,900 nodes are running 1 million validators, with 26% of the supply staked https://t.co/Fm0azSf6sS
UPDATE: ETHEREUM NETWORK REACHED THE 1M VALIDATOR MARK, WITH 32M $ETH STAKED
Why yes vitalik, I do believe you should tweak rewards to favour decentralized validators such as @validaoxyz https://t.co/AxGbd9O1EP
200K+ validators in this network 👀 https://t.co/trcfospfLJ
Vitalik Buterin proposed penalizing correlated Ethereum validator failures to adjust incentives in favor of more decentralization. https://t.co/mLzNcAqdPp
Increasing Ethereum validator's maximum effective balance (to be more than 32 ETH) is being considered for the next hard fork. What happens if validators holding significantly more stake go offline? See a summary of the inactivity leak in our new post: https://t.co/dR8hPnjdwE
The #Ethereum community has one goal on its mind since the #Shapella upgrade: resolving a major surge in staking demand. Read our latest report for the proposed changes: https://t.co/y0iIgrTZtN https://t.co/QpA9Zwnnzr
Vitalik floating stronger correlation penalties for the chain, would love to see something along these lines brought in to disfavour centralisation. https://t.co/vihPg173qB
Vitalik floating stronger correlation penalties for the chain, would love to see something along these lines brought in to disfavour centralisation rather than axing issuance! https://t.co/vihPg173qB
Initial data shows that bloXroute's Validator Gateway can help boost validator effectiveness by up to 1.5%, increasing rewards by $3-$5, per validator, per month. But what exactly is validator effectiveness, and why is it a vital metric for ETH stakers? Let's explore 🧵
1m validators securing Ethereum ($114B) https://t.co/WNTmnn7OV3
Ethereum founder Vitalik Buterin has proposed that the network impose higher failure penalties on large-scale validators or staking pools to encourage more decentralization. Read more: https://t.co/esJ4lkC6S6
Ethereum Founder Vitalik Buterin Wants Validators to Be More Decentralized ► https://t.co/ycicAlzl9b https://t.co/ycicAlzl9b
.@VitalikButerin has introduced an essay "Supporting decentralized staking through more anti-correlation incentives". https://t.co/CupH94dNjN https://t.co/LwsesD5xAD
Ethereum's Vitalik Buterin has launched a proposal to enhance the decentralization and fairness of the Ethereum network's staking process, marking a significant stride in refining the protocol https://t.co/f40zkd0xVm
strongly in favor of this. correlated offline penalties could help things like stake centralization, supermajority risk mitigation, and shore up advantages to solo staking https://t.co/FeVIvBpdrM
Vitalik published an article that proposes to extend a similar sort of anti-correlation incentive to more “mundane” failures, such as missing an attestation. He said that one tactic for incentivizing better decentralization in a protocol is to penalize correlations. Try to find…
This post from @VitalikButerin advocates for increased validator correlation penalties, meaning favoring solo stakers over LST providers and industrial staking companies for a more resilient and decentralized Ethereum L1. Original @farcaster_xyz 🔗: https://t.co/uE2RxDrA1E https://t.co/PCjrgFQRdy
Supporting decentralized staking through more anti-correlation incentives https://t.co/eJkPBwmgoF when a large validator has an attestation inclusion failure, they move the current slot’s failure rate, which then in turn increases their penalty. Small validators do not do this.
ETHEREUM DEVS TO RAISE MAX VALIDATOR STAKE IN UPCOMING PECTRA UPGRADE During Thursday's core developer meeting, Ethereum developers reached an agreement to increase the maximum validator stake from 32 to 2,048 in the forthcoming Pectra upgrade. Known as EIP-7251 or "increase max… https://t.co/nroqOGjlDR