- This change will help in enhancing the user experience of layer-1 as well as based rollups.
- The demand for improvement to maintain an overall balance is highly focused by the co-founder.
- As of now, it takes 15 minutes to finalize which will be further reduced to 12 seconds only. It would further be reduced to four seconds also.
The co-founder of Ethereum, Vitalik Buterin has mentioned that there are a lot of things that need improvement in the area of proof-of-stake consensus mechanism of Ethereum.
Today, On October 14, Vitalik Buterin informed his users through a blog post and wrote that, some significant changes are important to reduce the threats associated with the centralization and improvement of complete operations.
The roadmap of the information mainly focuses on technical improvements as well as economic improvements. The technical improvements will include factors such as stability along with accessibility for collaborators. The economic improvements will include details such as centralization.
The main sector that is focused drastically is the need for getting single-slot finality. The single-slot finality will help in lessening the block finalization time. As of now, it takes 15 minutes to finalize which will be further reduced to 12 seconds only. It would further be reduced to four seconds.
This change will help in enhancing the user experience of layer-1 as well as based rollups, at the same time, it will make the DeFi protocols more methodological.
Strategies to carry out the vision
One more area that is compelling is staking democratization. Talking about the current time, not less than 32 ETH is needed if you wish to participate in staking. It takes the restriction to the next level and the co-founder wants to reduce it to 1 ETH. This significant step will also help in enhancing the solo staking engagement.
Vitalik has many strategies for carrying out the roadmap to reality. One of the strategies is brute force which will enhance the signature aggressiveness by using ZK-SNARKs, which can process millions of signatures from validators in one slot.
Adding more to this, orbit committees which will be helpful in randomly selecting the medium-sized committees assigned with completing the chain with strong security features is also introduced.
When the proposal will be executed is not certain yet. The demand for improvement to maintain an overall balance is highly focused by the co-founder. According to him, a protocol should be suitably simple and comfortable to execute over the independent blockchain that runs over its own network.
