News - Vitalik Buterin's plan to combat increasing centralization

By Mike Hesp

Vitalik Buterin's plan to combat increasing centralization

Ethereum (ETH)

Vitalik Buterin weighs in on the controversy over increasing centralization on Ethereum and presents his solution.

Vitalik Buterin gets involved in the controversy over Ethereum centralization. His proposal: changes in the model for strike.

The relationship between node operators and delegators must change. Above all, delegators need more power: to vote and to change pools, which should encourage competition.

This shift in power must be implemented through several complex technical changes, of which the details can be found here.

Since the transition from Proof of Work to Proof of Stake Ethereum has experienced a growing problem with centralization, especially in the form of overly powerful pools.

Best example: Lido. Nearly 33 percent of all stripped Ether is in this pool. And the trend is rising.

This concentration of power compromises Ethereum's resistance to censorship, as actors such as Lido can attack the network or manipulate votes.

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