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Showing posts with the label staking

Ethereum’s Dencun upgrade: EIP-7514 and its impact on ETH price

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Ethereum core developers have included EIP-7514 in the upcoming Dencun upgrade . This proposal slows the growing ETH staking while allowing developers to explore long-term solutions for unchecked staking. EIP-7514 is an Ethereum Improvement Proposal co-authored by Tim Beiko and Dapplion that is meant to slow down the rate of Ether (ETH) staking.  The proposal is part of Ethereum’s Dencun upgrade slated for activation in October 2023, and it is essentially an attempt to buy the community time to come up with a more practical reward scheme for stakers on the network. Next up, we continued a conversation from last week's ACDC call, about whether to add a constant cap to the validator activation queue. The proposal had since then been formalized as EIP-7514: https://t.co/sd4D4GlMRY — timbeiko.eth ️ (@TimBeiko) September 14, 2023 According to some Ethereum developers, if the pace of staking remains unchecked, it will be possible to witness half of all ETH staked by May 2024,...

Vitalik Buterin warns against overloading Ethereum consensus

Buterin has advocated preserving Ethereum consensus minimalism and not overloading validators with other things. Ethereum co-founder Vitalik Buterin has published a lengthy blog post warning of the dangers of “stretching” Ethereum's consensus past its core functions of validating blocks and securing the network.  Ethereum consensus is the process whereby blocks are validated by the proof-of-stake mechanism implemented in September 2022 with “the Merge.” In a May 21 blog post titled “Don’t overload Ethereum’s consensus,” Buterin warned that using Ethereum’s network consensus for other things could bring “high systemic risks to the ecosystem and should be discouraged and resisted.” The Ethereum co-founder was essentially promoting the preservation of the blockchain’s minimalism. Don't overload Ethereum's consensus :https://t.co/07tzyCrZcJ — vitalik.eth (@VitalikButerin) May 21, 2023 Buterin noted that over the years, a number of proposals or ideas had floated around tha...

How to stake Polkadot (DOT)?

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Still haven’t figured out how to stake Polkadot (DOT)? Worry not; this article provides a step-by-step guide on where and how to stake DOT. Unlike restricted proof-of-work (PoW) blockchains like Bitcoin, the Polkadot blockchain allows cross-blockchain transfers of any asset or data, facilitates more transactions per second and needs less infrastructure. Polkadot uses a nominated proof-of-stake (NPoS) blockchain centered on interoperability of parachains that connect to and are secured by the Relay Chain. Validators can validate both the Relay Chain and the parachains, making it a flexible and scalable blockchain solution. The native token on the Polkadot blockchain is named DOT (DOT). It can be used on the Polkadot network for trading, staking, bonding, paying transaction fees and voting in network governance. This article highlights what Polkadot staking is, how it works, how to stake DOT, its requirements and rewards, and why tokenholders should stake DOT. What is Polkadot staking a...

Ethereum core developers push Shanghai upgrade to early April

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The final dress rehearsal for Shanghai has been slated for a Mar. 14 launch, while the real thing will happen a few weeks later. Ethereum developers have pushed back the highly-anticipated Shanghai hard fork by approximately two weeks. Initially estimated for late March, the Shanghai upgrade will now likely be deployed sometime within the first two weeks of April. The delay was announced at an Ethereum developer meeting on Mar. 2. During the meeting, core developers came to the consensus that the hard fork would occur about a fortnight after the Goerli testnet launch, which has been slated for Mar. 14. The Goerli testnet will be the final dress rehearsal for the Shanghai hard fork before it is rolled out on the mainnet. So looks like Goerli testnet is getting upgraded to Shapella Epoch: 162304 Time: 3/14/2023, 10:25:36 PM UTC See ya on the other side! — terence.eth (@terencechain) March 2, 2023 Ethereum core developer and project coordinator, Tim Beiko, said “for mainnet we us...