Ethereum’s Rising Validator Count Is Causing Concerns, Fidelity Digital Assets Says
Future roadmap upgrades for the network will become more difficult with a large validator set, the report said.
Future roadmap upgrades for the network will become more difficult with a large validator set, the report said.
The validator entry queue has jumped to 7,045, the highest since Oct. 6, according to veri source ValidatorQueue.
As of Wednesday morning, validator “Big Brain Staking” holds over 35% of staked DYM tokens – attracting criticism from DYM holders for its large network influence.
The move could help improve network security as validators are more widely distributed across the world, developers said.
A big selling point of blockchain networks is that they are “decentralized.” But just a few validators, including those run by Lido, have gradually amassed a lion’s share of the power over the dominant smat-contracts blockchain, Ethereum. One idea is to decentralize the validators themselves.
The decision followed internal discussions among the company’s leadership and board of directors, and the company plans to focus on “economically viable opportunities.”