Vitalik Buterin is in favor of ‘rainbow stake’ as a way to combat centralization.

Vitalik Buterin, co-founder of Ethereum and ETHTaipei2024 in Taipei (March 21-24), spoke at this event.

Buterin said that Ethereum has a number of critical issues. proof-of-stake (PoSThe centralization potential is the main concern. He supported the concept of rainbow staking, initially introduced in February by Barnabe Monneau of the Ethereum Foundation. It is the intention of this mechanism to attract all types of service providers including singles and professionals to join.

The developer’s main idea is to combine the divisions into “operators” You can also find out more about the following: “delegators,” The introduction of new classes is also a part of the “heavy” You can also find out more about the following: “light” Services with varying levels of income and responsibility.

Buterin, in his address to the audience, drew particular attention to what he termed a “category” “lazy stakers”. Its representatives own 32 EthereumETHThe minimum threshold is the value that the validator must meet to function. Such a group typically uses liquid stake instruments and pools. Ethereum founder, believes that stakeholder could choose individual staking in order to decrease centralization risk.

Buterin noted that the users are repeatedly warned not to use Lido While its value is still locked, the total amount of finance (TVLThe largest Ethereum validator, ), is currently $34.3 billion. It controls over 30% of the assets. Some of the other major liquid stake services providers include Binance You can also find out more about the following: CoinbaseThe major crypto exchanges are.

Buterin proposed Staking changes are intended to reduce Ethereum’s centralization. He was concerned about the asset distribution between Ethereum’s liquid staking provider. The Lido Finance liquid pool controlled over 70% of Ethereum staking at that time.

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