Ethereum Facing Node Centralization Challenge, says Vitalik Buterin!

Writer: Mustafa Mulla Sep 5, 2023 11:49

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Vitalik Buterin, the Ethereum co-founder, has recognized node centralization as one of many main challenges going through the ETH community. Talking at a current convention, Buterin stated that the elevated price of working a node and the absence of incentives for smaller nodes to take part within the community have been contributing to centralization, which might have destructive results on safety and decentralization. Buterin advised implementing measures comparable to a extra environment friendly proof-of-stake consensus algorithm and extra incentives for small node operators to assist deal with the difficulty.