Ethereum co founder Vitalik Buterin has proposed a proposal aimed at addressing decentralization issues and enhancing the security of pledge pools and protocols.His two-layer model introduces node operators and principals, allowing users to choose their preferred node operators and significantly improving security
- Ethereum co founder Vitalik Buterin has proposed a proposal aimed at addressing decentralization issues and enhancing the security of pledge pools and protocols.
- His two-layer model introduces node operators and principals, allowing users to choose their preferred node operators and significantly improving security.
- This proposal aims to completely change the pledge pattern of Ethereum and provide a more decentralized and consensus driven system
Ethereum co founder Vitalik Buterin has proposed a series of solutions aimed at supporting decentralization of rights pooling and protocols, and proposed solutions to enhance the security of these protocols to resist potential attacks. These proposals are based on Vitalik's previously shared suggestions regarding potential changes to the Ethereum network.
Addressing the challenge of decentralization
Vitalik's proposal directly addresses some of the issues in the current pledge process. He focused on the decentralization of node operator selection and the burden of consensus layer. At present, there is a problem of decentralization in the selection of node operators in different pledge pools. The current first layer (L1) consensus mechanism also faces the cost issue of transaction authorization. To address these issues, Vitalik advocates the use of a two-layer pledge system model similar to that used in projects such as Rocketpool and Lido. The system introduces node operators and principals as the main participants. The node operator acts as a validator, running the node to create new blocks and submitting a specific number of ETHs to the pledge pool. At the same time, the client becomes a member of the mining pool and mortgages their assets to the selected node operator. Under this setting, the principal has the autonomy to choose the preferred node operator.
Enhance the security of the pledge pool
In addition to addressing centralization concerns, the proposed two-layer system promises to enhance security within the pledge pool. This system establishes a strong defense barrier by enabling principals to identify node operators, making it difficult for potential attackers to attack. Those who do not have the support of the client need to invest a large amount of ETH to become node operators, which may reach up to one-third of the total pledge amount, and the total amount may exceed 2.08 million ETH. Therefore, any attempt by hackers to attack will incur significant costs to the attacker.
Vitalik emphasized that implementing these recommendations can alleviate the issues affecting the Ethereum Layer1 pledge agreement. It enables pledgers to choose their preferred nodes, helping to establish a more decentralized and consensus driven system.
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