Ethereum's Vitalik Buterin Explains How We Can Prevent Whales from Dominating in Staking

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Ethereum's Vitalik Buterin Explains How We Can Prevent Whales from Dominating in Staking
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ICYMI: Vitalik Buterin proposes to increase fees for the participants of staking pools controlling over 15 % of network Ethereum $ETH ETH

Many Ethereum enthusiasts are concerned about the possible centralization of ETH2 staking process. As such, they are discussing measures to prevent the 'oligarchs' from domination.Pseudonymous Ethereum enthusiast Superphiz.

Namely, he is guessing which pool will be the first to limit its own staking 'power' transactions) by e.g. 22 per cent of total validators number.Potentially, this decision would cut the profits of this 'pioneer' but it would greatly contribute to the health of network as a whole by reducing the possibility of 51% attack.

Ethereum's founder Vitalik Buterin proposed 'economical' motivation for this limit. It looks reasonable for him to increase fees for the participants of staking pools controlling over 15 % of network. Speculative controversial take: we should legitimize price gouging by top stake pool providers. Like, if a stake pool controls > 15%, it should be accepted and even *expected* for the pool to keep increasing its fee rate until it goes back below 15%.

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