While more validators could mean more security, community members think too many could be problematic.
Proof-of-Stake News
Proof-of-stake (PoS) is a consensus mechanism in blockchain networks, serving as an energy-efficient alternative to proof-of-work (PoW). In PoS, validators are chosen to create new blocks and validate transactions based on the number of coins they hold and are willing to “stake” as collateral.
Unlike PoW, which requires significant computational power, PoS relies on the concept of economic security, incentivizing participants to act honestly to protect their investments. Validators are rewarded with transaction fees and newly minted coins, promoting network security and efficiency.
In 2022, Ethereum transitioned to a proof-of-stake mechanism, prioritizing enhanced security, reduced energy consumption and improved scalability for implementing new solutions, contrasting with the earlier proof-of-work architecture.
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21Shares’ Toncoin staking ETP, one of the first TON ETPs in the world, is debuting trading on the SIX Exchange under the ticker symbol TONN.
5541While the reduced reliance on Geth is good news, “we can’t declare victory yet,” says Lachlan Feeney, founder and CEO of Ethereum infrastructure firm Labrys.
2750New research from Coin Metrics found that 51% and 34% attacks on Bitcoin and Ethereum are no longer possible from nation-state attackers if their goal was to destroy the blockchains.
14858The restaking protocol’s TVL is up 307% during the past month following the temporary removal of its staking cap.
3862Amid growing staking demand, the price of Ether has made significant strides, reaching a new yearly high above $2,800.
27966The lack of selling pressure from miners will be one of the main catalysts boosting ETH's price to unprecedented highs in the current bull cycle.
9584EigenLayer’s TVL surged 43% after the protocol announced it had removed its staking caps for the next three days.
4712Solo Ether staking from home could cost upward of $70,000 but could help make Ethereum more valuable in the long run.
15435Offline staking lets users securely earn rewards by participating in blockchain networks while keeping their cryptocurrency assets offline.
The Ethereum co-founder recently wrote that the network has gotten away from its founding principles.
2074The Fantom Foundation expects the changes will beef up Fantom’s security without slowing down the network.
2562Ethereum co-founder Vitalik Buterin declares that the role of single slot finality is the most straightforward approach to tackling the majority of shortcomings in the Ethereum PoS design.
13567The Ethereum co-founder suggested reducing validator signatures to lighten the load and make predicting future loads more accurate.
6902By simplifying the complexity of DeFi and making it more accessible to a broader user base, DeFi protocols can pave the way for a more inclusive and efficient decentralized financial ecosystem.
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