๐ Ethereum's staking system is getting a makeover with Decentralized Validator Technology (DVT)! ๐
DVT aims to fix concerns about how traditional validator setups operate on Ethereum, making the process more decentralized and secure.
Here's the scoop:
- Validators build blocks in Proof-of-Stake (PoS) blockchains. Ethereum, since moving to PoS in 2022, has roughly 900K validators, making it the most decentralized PoS network.
- But, it's not all sunshine and rainbows. Issues have been raised about Ethereum's PoS implementation, making it less decentralized than it seems.
Enter DVT:
- DVT splits an Ethereum validator's private key into multiple shares, distributing them to node operators. This makes the process non-custodial, trustless, secure, and more fault-tolerant.
What's next?
- DVT is still new, but it could be a big part of Ethereum's future. As the network pushes for scalability, discussions are underway to increase the 32 ETH limit for validators. DVT could enable fully decentralized staking pools for smaller users.
What are your thoughts on DVT? Let's chat in the comments! ๐จ๏ธ #Ethereum #DVT #DeFi