Validator on the network Ethereum Surpasses 1 million users on March 28, with the Dune Analytics dashboard created by Hildobby to track Ethereum staking progress. showThe network has 1 million validators, with 32 million ETH staked, accounting for 26% of the total supply.
The data also shows that around 30% of ETH staked is using the Ethereum staking pool Lido, a liquid staking platform for proof-of-stake (PoS) cryptocurrencies.
However, some community members think that too many validators can cause problems.
Gabriel Weide, the staking pool administrator, believes that too many validators can lead to “Failed transactions” can finally be resolved.
Meanwhile, Peter Kim, Head of Engineering at Coinbase Wallet saythat while the number of validators is “impressive” it is “inflated by the 32 ETH limit”, he however suggested that this may change soon.
Ethereum co-founder Vitalik Buterin also proposed ways to improve the network’s decentralization on March 27. Buterin published a blog post proposing to penalize validators in proportion to their average failure rate.
The more validators fail, the penalty for each failure will be higher. This approach could reduce the advantage of large ETH stakers over smaller ones, according to Buterin.
refer : cointelegraph.com
picture cryptoslate.com
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