Ethereum Co-Founder Vitalik Buterin Explores Ethereum Staking Changes – What’s Going On?

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By BitcoinWiki News

Key Takeaways:

  • Ethereum co-founder Vitalik Buterin shares thoughts on potential changes to Ethereum’s staking system
  • Buterin discusses protocols such as ERC-4337, ZK-EVMs, private mempools, code precompiles, and liquid staking
  • Goal is to build a framework for identifying features worth considering in the protocol
  • Buterin expresses inclination towards incorporating ERC-4337 but more cautious about private mempools
  • Concerns about concentration of power among Ethereum’s liquid staking providers
  • Lido currently controls over 32% of staked ether on Ethereum
  • Buterin proposes exploring solutions to enhance safety and decentralization of liquid staking
  • Several staking providers have implemented self-limit rule to maintain decentralization
  • Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance commit to the self-limit rule
  • Lido Finance decides not to commit to the self-limit rule
  • Coinbase holds an 8.7% market share as a staking provider

Ethereum co-founder Vitalik Buterin has discussed potential changes to Ethereum’s staking system in a recent blog post. He explored various protocols including ERC-4337, ZK-EVMs, private mempools, code precompiles, and liquid staking, and examined the trade-offs associated with incorporating them into Ethereum’s code. Buterin expressed a stronger inclination towards incorporating certain protocols, like ERC-4337, while being more cautious about private mempools. He also expressed concerns about the concentration of power among Ethereum’s liquid staking providers and proposed exploring additional solutions to enhance safety and decentralization. Several liquid staking providers have implemented or are in the process of implementing a self-limit rule to address concerns over centralization. However, Lido Finance has decided not to commit to this rule.

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