Ethereum Ecosystem Maintains Stable Verifier Count Despite Minor Reductions

02/23/2023 03:29 • Blockchain Buzz • 119 views

It is reported that Superphiz, the core developer of Ethereum, said that since the launch of the beacon chain on December 1, 2020, the Ethereum ecosystem has only reduced 226 verifiers, accounting for 0.04% of the 524060 verifiers. One of the biggest reduction events occurred on February 4, 2021, when 75 verifiers of the pledge infrastructure provider Stacked were reduced due to the production of competitive blocks. Stacked said that the violation of certification was caused by “technical problems”.

Core developers of Ethereum: Only 0.04% of Ethereum verifiers have been removed since 2020

Interpret the above information:

Superphiz, a core developer of Ethereum, recently reported that since the launch of the beacon chain on December 1, 2020, the ecosystem has only seen a slight decrease in the number of verifiers. Specifically, only 0.04% of the 524060 verifiers have been reduced, with the largest reduction event occurring on February 4, 2021, when 75 verifiers from the pledge infrastructure provider Stacked were reduced due to the production of competitive blocks. Stacked explained that the reduction was due to “technical problems” regarding certification.

Despite this minor reduction in the number of verifiers, the Ethereum ecosystem has remained stable. This signals a positive sign for the network’s ability to sustain its current level of security and decentralization. The beacon chain plays a significant role in the network’s ability to improve scalability, security and decentralization on Ethereum, with verifiers playing a vital part in securing the network.

Superphiz’s report confirms the robustness of the beacon chain, as it has only witnessed slight fluctuations in the number of verifiers, while proving that the incentives in place for verifiers to remain active are strong enough to keep their numbers steady. The Ethereum ecosystem has been focused on maintaining a high level of security, even as the network scales, and this report shows that this effort seems to be working so far.

As for Stacked’s reduction of verifiers, the reason for the issue being “technical problems” is a concerning one. Getting the certification process right is critical for ensuring the smooth operation of the network, and an infrastructure provider’s failure to meet the necessary standards represents a potential vulnerability in the network’s security. Stacked has claimed to have addressed the problem, and their efforts in rectifying the issue will be closely observed by the Ethereum community.

In conclusion, the Ethereum ecosystem has shown a remarkable ability to maintain its number of verifiers, an important factor in network security and decentralization. Keeping verifiers incentivized to remain active has proven crucial to sustaining the stability of the network while making progress in improving scalability. However, issues such as Stacked’s reduction of verifiers remind us that constant vigilance is necessary to maintain the security of the network.

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Ethereum Ecosystem Maintains Stable Verifier Count Despite Minor Reductions

Core developers of Ethereum: Only 0.04% of Ethereum verifiers have been removed since 2020

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