Vitalik Buterin’s new proposal would cut Ethereum’s security
In a new controversial proposal , Vitalik Buterin suggests decreasing the number of PoS validators from nearly 1 million to just 8,192 to reduce complexity. In a new proposal released on Dec. 27, Ethereum (ETH) co-founder Vitalik Buterin has outlined a plan to dramatically simplify Ethereum’s proof-of-stake (PoS) system to reduce complexity and expand the design possibilities. The current PoS system attempts to support decentralization by allowing many validators — currently almost 900,000. However, Buterin argues that this creates significant complexity, sacrifices, and constraints while still not fully achieving the goal of accessibility for small-scale stakes due to the 32 ETH minimum requirement. Instead, Buterin proposes reducing the number of signatures per slot to just 8,192 from the current plan of over 1.7 million. This would enable major simplifications across Ethereum, make it much easier to transition to quantum resistance, and retain a cost for attacks between 1-2...