Ethereum Developers Will Make The Network More Centralized
The proposal received mixed reactions from the crypto community, some users indicate that it will make the network more centralized.
The leading Ethereum developers plan to increase the maximum amount of staked Ether required to be a sponsor by 64 times, from 32 ETH to 2048 ETH while the minimum amount remains at 32 ETH. The proposal was made at the Ethereum core developer agreement meeting on June 15 by Michael Neuder, a researcher at the Ethereum Foundation.
The analyst said that although the current limit of 32 ETH allows attackers to enter the Ethereum network, making it unregulated, it also leads to inflation and the size of the support set. Neuder also said that such a large increase will eventually help the Ethereum network to work more efficiently over time. Along with plans to raise the minimum ETH staked requirements for activists, Neuder also called for self-sustaining rewards.
The automatic reward combination will allow backers to earn more from their ETH. Now, in order to generate revenue, the reward earned above the 32 ETH cap will be transferred to another account. These benefits can be increased quickly if the cap is raised, giving sponsors a great way to increase their rewards.
Neuder said that the current plan will not only make the Ethereum network more efficient and allow actors to earn more money, but it will also greatly help those who work together, such as exchanges, which -manages thousands of current supporters. The limit of 32 ETH led to a significant increase in support addresses when Ethereum switched to the proof-of-concept network. Currently, there are more than 700,000 validators, and about 90,000 are waiting to work in the queue.
The proposal received mixed reactions from the crypto community, with many users suggesting that such a large change in staked ETH would make fewer supporters and thus make the network more vulnerable. in the middle. Other users dismissed the idea and said it would not benefit the network.