“Ethereum solo staking is the key to the security and decentralization of the network of the second largest cryptocurrency. This was stated by its co-founder Vitalik Buterin, writes Cointelegraph. According to the expert, individual stakers represent an uncoordinated and diverse group that reduces dependence on CEX. Even a small fraction of them can add an important decentralized layer of protection for Ethereum. Buterin also addressed the role of solo stakers in 51% attack scenarios. According to him, the key difference is between them […]”, — write: businessua.com.ua
Ethereum solo staking is the key to the security and decentralization of the network of the second largest cryptocurrency. This was stated by its co-founder Vitalik Buterin, writes Cointelegraph.
According to the expert, individual stakers represent an uncoordinated and diverse group that reduces dependence on CEX. Even a small fraction of them can add an important decentralized layer of protection for Ethereum.
Buterin also addressed the role of solo stakers in 51% attack scenarios. According to him, the key difference between them is the amount of network control by the attacker: 50-56% or 57%+. In the second case, it will become possible to finalize the blocks, which threatens the emergence of forks, he noted.
To complicate such attacks, the co-founder of Ethereum proposed to the community to raise the required block confirmation threshold from 2/3 to ¾ or more of the coins locked in staking.
Earlier, Buterin announced a change in the approach to mentioning L2 solutions. Starting next year, he will speak publicly only about projects at “stage 1+”.
We will remind you that in September, the co-founder of Ethereum announced that he was not going to invest in second-level networks or other projects.
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