It turns out that Vitalik Buterin wasn’t satisfied with the first overhaul to Ethereum’s consensus mechanism—despite many years of technical tinkering and debate.  

In a Monday blog post, the Ethereum co-founder pondered several potential improvements to Ethereum’s proof-of-stake model. That included lowering financial barriers for solo stakers, as well as improving the amount of time it takes when finalizing Ethereum blocks.

Two years ago, “The Merge” fundamentally changed how Ethereum’s transactions are validated. Instead of relying on a network of power-hungry computers to keep the network secure, Ethereum transitioned to a system where assets are dedicated to the network by validators.

Validators earn rewards by assembling blocks of transactions and attesting to the accuracy of others made. To participate in that process, validators lock up 32 ETH ($84,000), effectively as skin in the game. However, Buterin believes that threshold could be lowered significantly to 1 ETH ($2,600).

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Author: André Beganski