Buterin Pitches ‘A Bit Simpler’ Staking Setup for Ethereum

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Ethereum co-founder Vitalik Buterin has proposed adding distributed validator technology (DVT) to the blockchain’s staking mechanism, arguing it could simplify the process and the technology backing it.

Buterin pitched “native DVT” in a post to the Ethereum Research forum on Wednesday,  which he said would allow Ether (ETH) stakers “to stake without fully relying on one single node.”

Currently, Ethereum validators can only run one node to work to secure the blockchain, which can incur penalties if it goes down.

Using DVT would mean a…



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Buterin Pitches ‘A Bit Simpler’ Staking Setup for Ethereum


Ethereum co-founder Vitalik Buterin has proposed adding distributed validator technology (DVT) to the blockchain’s staking mechanism, arguing it could simplify the process and the technology backing it.

Buterin pitched “native DVT” in a post to the Ethereum Research forum on Wednesday,  which he said would allow Ether (ETH) stakers “to stake without fully relying on one single node.”

Currently, Ethereum validators can only run one node to work to secure the blockchain, which can incur penalties if it goes down.

Using DVT would mean a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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