In order to maintain decentralization and promote responsible and sustainable blockchain growth, a large group of Ethereum stakers voluntarily agreed to commit to self-limiting rules that limit the scope of their staking activity on the network to certain thresholds.
Ethereum stakers commit to 22% self-limiting rule
Ethereum beacon chain community health advisor Superphiz.eth announced in X (formerly Twitter) postal On Thursday, August 31, the four main Ethereum Staking Provider Has committed or is working to commit to self-limiting rules. This self-limiting rule will reduce the staking limit for staking providers below 22%.
Staking service providers that agree to self-limitation rules include Rocket Pool, Stader Labs, Diva Stake, and StakeWise.Following this, some other staking providers are expected to make similar guarantees Ethereum staking.
Self-limiting commitments are seen as a proactive approach to mitigating centralization Within the Ethereum ecosystem while ensuring the long-term sustainability of the blockchain.
Superphiz.eth first proposed the self-limiting rule in 2022, when he explained that the reason for the 22% limit was to prevent the decentralization of the network from being compromised. That’s because 66 percent of validators need to control more than two-thirds of the stake in the blockchain to “finalize a rogue chain.” This makes it harder for a single validator to take over the network.
The ethereum proponent explained that the responsibility and dedication shown by ethereum staking providers will ensure the chain remains prosperous, promoting trust and solidarity rather than possessiveness.
“These providers have committed (or are committing) to self-limiting Ethereum validators below 22%,” said Superphiz. “This is how our chain succeeds: coordination over greed. Cooperation instead of winner-take-all .”
ETH price maintains support above $1,600 | Source: ETHUSD on Tradingview.com
Community highlights uncertainty of verbal commitments
In response to Superphiz.eth’s announcement regarding self-imposed restrictions on Ethereum staking providers, some members of the Ethereum community highlighted the lack of reliability of verbal commitment to self-limiting rules.
a community member debate It’s easy to make a verbal commitment, especially since organizations that abide by the self-limiting rules are betting well below the 22% betting limit.
“It’s easy to limit yourself when most people never seem to be able to reach 22% of the Liquid staking market share on Ethereum. People in the ETH community should not see more user-friendly solutions as a product of greed,” he said .
Now, Cosmopolitan Finance own one of Highest Ethereum Staking percentage, dominating the market with 32.4% of ETH staked. Stakeholders of the platform also previously rejected the self-limitation of ETH staking, voting against it with 99.81%.
Subsequently, Superphiz.eth highlights the importance of prevention Lido accumulates more shares And get a 33% share. If they end up reaching 33% of all staked ETH, some sanctions could be triggered to protect the blockchain from centralization of power that could seriously affect the Ethereum consensus process, he said.
“I think the first step is to stop them from going up 33%. If they get 33% support, I will seek agreement level sanctions. If it doesn’t happen, who knows what will happen next?” Superphiz.eth said.
Featured image from iStock, chart from Tradingview.com
