Summary of the 111th Ethereum Core Developer Consensus Meeting: Deneb Upgrade, Aggregation Deadline, Increased Maximum Effective Validator Balance…

Summary of the Ethereum Core Developer Meeting: Deneb Upgrade, Aggregation Deadline, Increased Validator Balance.

The 111th Ethereum core developers meeting was held on June 15th, chaired by Alex Stokes, a researcher at the Ethereum Foundation. The meeting mainly discussed the final scope of the Deneb upgrade, potential changes to validator proofs and aggregation deadlines, and a proposal to increase the maximum effective validator balance from 32 ETH to 2048 ETH. Christine Kim, a researcher at Galaxy Digital, summarized the content of the meeting briefly in an article.

Developer Mikhail Kalinin of Teku (CL) has made updates around EIP 6988, proposing a code change to prevent penalized validators forcibly kicked out of the network from being selected as block proposers by the protocol. Stokes stated that the plan is to merge three EIPs, EIP 7044, EIP 7045, and EIP 4788, into the Deneb specification in the coming weeks and encouraged CL client teams to review them as soon as possible.

Developers debated the benefits of simply increasing the cutoff time from 4 seconds to 5 or 6 seconds versus increasing the computational load of validators by aggregating more and more proofs. Ultimately, arnetheduck and other client teams agreed that more investigation is needed to further the conversation and develop specific recommendations around changes to the proof cutoff time.

Ethereum Foundation researcher Michael Neuder drafted a proposal to remove the 32 ETH cap on effective balances to help reduce the growth of active validator sets. Its benefits include: making it easier to implement future roadmap upgrades such as finality for individual slots; reducing unnecessary bloat on the peer-to-peer layer from a large number of messages; increasing the attractiveness of individual staking by authorizing independent validators to automatically compound staking rewards; and lowering infrastructure complexity for large staking service providers.

Reference: https://www.galaxy.com/research/insights/ethereum-all-core-developers-consensus-call-111/

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Million-Dollar Shuffle FTX Cold Wallets Sneak $19M in Solana and Ether to Crypto Exchanges

FTX debtor group responsible for asset management has recently conducted multiple on-chain transactions.

Blockchain

The hacker is keeping a close eye on the currency exchange: 5 were killed and 8 were "Lai Lai"

Digital currency is becoming a fertile ground for hackers. The hot exchange is undoubtedly a huge "gold mine&quo...

News

Investment tips for the next bull market: In-depth analysis of the development status and trends of 15 cryptocurrency tracks

Following the regular industry cycle pattern, the bear market has passed halfway. The Ethereum upgrade has brought ab...

Blockchain

Who is the information of the user who sells the coin? What have the leaked information been taken?

While enjoying the convenience of the Internet, it also makes privacy data a step closer to streaking. Recently, many...

Blockchain

Compliance, endorsement path: inventory cryptocurrency exchange registration holy place

The increase was 132.58%. Tongcheng Holdings announced that it had changed its name to Firecoin Technology. The found...

Blockchain

The compliance exchange is about to appear in Singapore?

On December 18, 2019, the official website of the Monetary Authority of Singapore (hereinafter referred to as "M...