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.

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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/

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