Crypto News

Ethereum developers want to increase staking limits for validators from 32 ETH to 2,048 ETH

In a recent meeting between developers, there was A proposal to raise the staking limit for validators to 2,048 ETH. This will help reduce the pressure on the network Ethereum and help the network operate efficiently More.

Ethereum's core developers are considering increasing staking limit for validators from the current 32 ETH up 2,048 ETH. At the moment, the network only allows validators staking is fixed at 32 ETH. This creates a disadvantage to units that own the amount of ETH, forcing them to create more validators if they want to use that token optimally. One example is Coinbase, which currently has to maintain dozens of thousands of validators at once, creating large costs and zero optimizing capital flow. From there, the Ethereum network has a lot of validator. According to on-chain data, there are currently 600,000 active validators and an additional 90,000 validators are queue for activation. As Coin68 reported, Wait up to 44 days for validation because there are too many requests. This situation is the reason for Michael Neuder, a researcher of the Ethereum Foundation, proposing to increase the internal limit Consensus Call #111 meeting last week.

According to Neuder, although the 32 ETH staking limit helps to promote decentralization of the network, but also inadvertently leads to the status of "validator inflation". In addition, Neuder also proposed a partial self-synthesis mechanism rewards for validators. Validators active on the network will be rewarded with ETH. When the bonus amount accumulates to the current limit is 32 ETH, it must be redirected elsewhere. With the increase in the limit, the rewards are also combined help validators stake more effectively.

However, Neuder also warned of the risks involved, including higher penalties for validators who commit violations, or called "slashing". It should be noted that this is only a proposal by some publishers to develop the core. Ethereum developers are discussing more about the implement the proposal on the project's Discord. ETH price doesn't fluctuate too much at the moment, is still sideways around $1,720.