15 May 2022 10:26 a.m., UTC.
Reading time: ~2 m
Ethereum (ETH) cryptocurrency creator Vitalik Buterin has come up with a new method to combat a 51% attack on the digital asset’s blockchain.
A member of the cryptocurrency community, known under the pseudonym Superphiz.eth, has expressed concern for the security of the ETH network following the implementation of The Merge update, which involves a switch to the PoS consensus protocol.
He believes that not all Ethereum-stacking pools will agree to limit the number of validators so as not to lose profits. In response to this message, Buterin suggested using an economic approach to reduce the risk of a 51% blockchain attack.
We need to allow top steaming pools to increase their rates. For example, if a pool accounts for more than 15% of validators, it should raise the fee for using its service until the number of validators falls below 15% of the total,” said Vitalik.
Obviously, users will choose pools with low fees, so if service fees go up, stackers will start switching to other platforms. Once the pool controls less than 15% of the network’s validators, it will be able to reduce the commission to the standard value.
#Buterin #figured #reduce #risk #attack #Ethereum #network