Maintaining the Essence: Vitalik Buterin's Stance on Keeping Ethereum's Consensus Mechanism Simple

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We have seen ethereum blockchain at its peak back in 2021 in terms of high transaction fee and network congestion due to high demand of users performing daily transactions and competing for less block fee, this prolonged impending issue of high block congestion was resolved when ethereum network went live on Proof of stake (PoS) solving 99% of high energy consumption and reducing block time with more layers that help improve processing of gas fee for payment.

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With the new ethereum Shanghai upgrade the second largest coin by market capitalization unlock a new consensus for validators to virtually unlock their staked ethereum which has been locked for quite a long period this new upgrade give birth to more added layers to be built on ether network by introducing more staking mechanism through other side chain networks.

Action and reaction

For every action there is reaction ethereum switching from Proof of work (PoW)to PoS meant the network will no longer rely on miners for security, it as well became a centralized token under surveillance of certain group of users, unlocking the Shanghai upgrade also gave room for more developers to introduce other staking mechanism on the blockchain, having more working layers means there is ongoing working process in the chain but what happens when these new Introduced mechanisms make the chain more complex for use by making it more difficult to maintain and protect the servers?

Re-staking

Ethereum Co-founder Vitalik Buterin in a blog post shared by the block express his concern over complicating ethereum consensus mechanism beyond its original design through the use of re-staking a feature that increases the task of ethereum validators to secure other chains.

Re-staking: a set of techniques, used by many protocols including EigenLayer, where Ethereum stakers can simultaneously use their stake as a deposit in another protocol. In some cases, if they misbehave according to the other protocol's rules, their deposit also gets slashed. In other cases, there are no in-protocol incentives and stake is simply used to vote.
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Citing more caution need to be taken as more side chain networks continue to plug in their network mechanism to secure their network since ethereum is the largest PoS network more side chain take advantage of this by adding their network layers there are over $34 billion worth ethereum staked on ethereum blockchain which make it a secure option for other PoS systems to integrate their network.

implications of re-staking

Ethereum validators might experience what is called slashing while re-staking this on other chain which incure punishments on the validator for engaging in undesirable activity while processing transactions inappropriately, there could also be implication that could affect mainnet security of the blockchain.

More appreciate approach need to be implemented in other to avoid security breach in the future reiterated Vatalik.



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