GM from our friend ms at Ethereum. They are proposing this because there are too many validators with the current 32 ETH threshold, apparently.
“As it stands, Ethereum validators are subject to an effective balance cap set at both the minimum and maximum of 32 ETH. This forces large-scale staking operations to spin up multiple validators if they want to earn yield on any amount greater than this.
Unsurprisingly, this practice has led to a big increase in the number of validators. There are currently 600,000 active validators and an additional 90,000 awaiting activation in the queue.
Michael Neuder, an Ethereum Foundation researcher and key proponent of the proposed change, made the case for this increase, during the most recent Ethereum core developer consensus meeting held on Friday. He said while the current validator cap promotes decentralization, it inadvertently leads to an inflation of the validator set size.”
🤡🤡
https://www.theblock.co/post/235386/ethereum-developers-consider-raising-validator-limit-from-32-to-2048-eth
AviBurra / Avi Burra
npub1hq…kt56s
2023-06-19 10:32:03
Author Public Key
npub1hqaz3dlyuhfqhktqchawke39l92jj9nt30dsgh2zvd9z7dv3j3gqpkt56sPublished at
2023-06-19 10:32:03Event JSON
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"content": "GM from our friend ms at Ethereum. They are proposing this because there are too many validators with the current 32 ETH threshold, apparently. \n\n“As it stands, Ethereum validators are subject to an effective balance cap set at both the minimum and maximum of 32 ETH. This forces large-scale staking operations to spin up multiple validators if they want to earn yield on any amount greater than this.\n\nUnsurprisingly, this practice has led to a big increase in the number of validators. There are currently 600,000 active validators and an additional 90,000 awaiting activation in the queue.\n\nMichael Neuder, an Ethereum Foundation researcher and key proponent of the proposed change, made the case for this increase, during the most recent Ethereum core developer consensus meeting held on Friday. He said while the current validator cap promotes decentralization, it inadvertently leads to an inflation of the validator set size.”\n\n🤡🤡\n\nhttps://www.theblock.co/post/235386/ethereum-developers-consider-raising-validator-limit-from-32-to-2048-eth",
"sig": "c9a9bcb62b6d73c794597e342731bc7e89db95e0d5c2bc3e3bc44ea397081064b9e61e705f29a4b0a5e6679ecae717efab8428c42afc89f85c399c01abc4cfda"
}