Ethereum Co-Founder Proposes Redesign to Enhance Decentralization and Staking Efficiency

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Ethereum co-founder Vitalik Buterin has proposed a comprehensive redesign for the Ethereum network to address performance issues and improve the staking process. Speaking at Devconnect in Turkey, Buterin highlighted the need to reform Ethereum’s staking process to support more effective mining and staking pools, with the aim of enhancing decentralization. The proposed changes, outlined in Ethereum Improvement Proposal (EIP) 4844, include increasing the data map space and implementing features such as private mempools, the ERC-4337 account abstraction protocol, code precompilation, ZK-EVMs, and fluid staking. Buterin also expressed concern about the concentration of fluid staking in the proof-of-stake model and the need to balance development flexibility, performance advantages, and centralization risks. He also mentioned the potential adoption of the Unspent Transaction Output (UTxO) model, showcasing Ethereum’s commitment to addressing challenges within its network.

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