Vitalik Buterin, a co-founder of Ethereum, has put a total of three proposals on the table, stating that the end goal is to simplify the design of proof-of-stake. It is a direct attempt to solve an issue that Buterin identifies as having potential systemic complexity.
Per his post on X, formerly Twitter, all proposals ultimately led to Ethereum reducing the burden of the number of signatures required. He has put out an estimate of 8192; however, the actual number may be slightly different if any proposal is implemented when it sees the light at the end of the tunnel.
The first proposal requires a larger amount of ETH to run a validator. This will encourage participants to join their resources and, hence, their signatures for the final representation. Validators will collaborate. It has been stated that the objective of the proposal is to concentrate on decentralized staking pools.
The second proposal looks to craft two different layers of stakers. Both layers will be defined based on the requirements they have under the umbrella. One layer will be dedicated to heavier requirements, and another layer will be for lighter requirements. Treatment for both layers will differ, and their contribution to the block finalization process will also differ.
The third and final proposal by Vitalik Buterin entails a rotation of participants. This means that only a certain set of validators, or select validators, will be reached for the slot. While it will bring down the workload, Vitalik believes that it carries the downside of complexity. The community might not accept it. Hence, it carries little chance of approval.
All the proposals by Vitalik have been posted on the Ethereum Research forum.
Members have come forward to react to the proposals. Some of them have said that it could raise questions about credibility in the future, and others have said that developments like these are raising a whole bunch of weak points while reducing computational nodes.
The development comes at a time when ETH is trading at around $2,300. The token was last traded at $2,389.26, an increase of 6.09% in the last 24 hours. The community is set on achieving the resistance mark of $2,400. It will set the stage for the milestone of $2,550. Figures are hard to achieve by the end of 2023. But they can still be registered in the next year, following the expected approval for Spot Bitcoin ETF.
Vitalik Buterin has brought three different ways of PoS simplification to light. They all deal with the situation differently but have validators at their core. Likely, the rotation of participants may not gain the required traction. The first two proposals can see some good arguments as the community notices them. Collaboration among validators tops the list for acceptance.