- Vitalik Buterin advocates reducing Ethereum’s staking threshold.
- Faster Ethereum transactions through “single-slot finality” proposed by Buterin.
Ethereum co-founder Vitalik Buterin has recently taken to social media to share insights into the blockchain’s development and future. In a detailed blog post on October 14, Buterin reflected on Ethereum’s evolution since the Merge, the major 2022 upgrade that transitioned the network from proof-of-work (PoW) to proof-of-stake (PoS). While the Merge was a milestone event, Buterin stressed that there are still areas in need of improvement.
One of the primary goals, according to Buterin, is reducing transaction times, which currently take up to 15 minutes. He proposed “single-slot finality,” a solution that could drastically cut transaction times and reduce network congestion. Moreover, Buterin also addressed the high barrier to staking, which currently requires 32 ETH—an amount too large for many users. He suggested lowering the requirement to 1 ETH, making staking more accessible and further decentralizing the network.
Meanwhile, on the security front, Buterin emphasized the importance of safeguarding Ethereum from potential future threats, including those posed by quantum computing. He also proposed enhancements to protect against 51% attacks and improve overall network resilience.
Vitalik, A Philanthropist !?
While driving technological advancement, Buterin has also been active in philanthropy. Over the past nine days, he has converted $2.78 million worth of memecoins into Ethereum, donating $884,000 to various charities. Memecoins, which are often sent to him, include Moo Deng (MOODENG), Monsterra (MSTR), and ETHEREUM IS GOOD (EBULL). Buterin praised memecoin issuers for their donations but encouraged direct contributions to charitable causes.
Buterin’s recent visibility has led some economists to suggest he may be a future Nobel Prize contender, citing his contributions to blockchain technology and Ethereum’s transition to PoS. With Ethereum’s next upgrade, Prague-Electra (Pectra), scheduled for 2025, Buterin’s vision continues to shape the protocol’s future trajectory
Meanwhile, Ethereum native token, ETH is trading at $2533 with 2.74% surge in the past 24 hours and in the same timeline, the trading volume is up 56%.
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