Vitalik Buterin, Ethereum’s co-founder, has put forward a series of solutions to bolster the decentralization of staking pools and protocols. He also proposed solutions to reinforce these protocols’ security against potential attacks.

These suggestions follow a previous proposal shared by Buterin on possible changes that can be made to the Ethereum network.

Addressing Decentralization Concerns

Buterin’s recommendations directly address the existing challenges within the staking process. He addresses the concerns of centralization risk among node operators and the burden on the consensus layer.

The selection process for node operators across various staking pools, according to Buterin, suffers from decentralization issues. The current Layer 1 (L1) consensus mechanism also faces an overhead in authorizing transactions.

To mitigate these challenges, Buterin advocates adopting a two-tier staking system akin to models used by projects such as Rocketpool and Lido. This system introduces Node Operators and Delegators as key participants.

Node operators would function as validators, running nodes to create new blocks and committing a specific amount of ETH to the staking pool.

Delegators, conversely, would become pool members, staking their assets with their chosen node operators. In this setup,

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Author: Oluwapelumi Adejumo

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