Exploring Proposals for Ethereum’s Synchronized Blocks: Opportunities and Challenges”
In a comprehensive report, blockchain researchers delve into the promises and challenges facing Ethereum (ETH) with the presence of synchronized block proposals. The new concept aims to protect transactions from undue scrutiny by malicious auditors but still requires further engineering and economic assessments.
Many Ethereum (ETH) proposers are considering banning validators to prevent censorship: Research
Yesterday, on February 23, 2023, a detailed proposal on synchronized blocks in Ethereum was published by the Chief Researchers at SMG, Max Resnick, and Mike Neidorf from the Ethereum Foundation. The paper explores possibilities of increasing the number of validators in a single PoS Ethereum (ETH) slot.
As of today, the block proposer holds unilateral power over the set of transactions included within a 12-second timeframe. Consequently, it can alter the transaction list, making the second-largest blockchain susceptible to censorship.
In contrast, with two proposers in place, there are four possible outcomes for a block slot, ranging from both proposers successfully submitting their blocks to neither of them presenting the block. This diversity impacts the choice of the blockchain fork and necessitates adjustments to existing mechanisms, such as enhancing the proposal.
This diversity impacts the choice of the blockchain fork and necessitates adjustments to existing mechanisms, such as enhancing the proposal. A malicious entity attempting to control both proposers in a slot may manipulate the timing of block proposals to split the chain, but the likelihood of this happening decreases significantly with an increase in the required malicious proposers.
As a result, the cost of censorship rises with each new proposer’s activity. However, due to the nature of Ethereum’s design, the transition towards multiple proposals requires further engineering and economic research.
Ethereum’s (ETH) validation design may change in 2024
Researchers also emphasized that the issue of potential upgrade to low-priority transactions (“censorship-resistant”) remains an open matter. As previously covered by U.Today, Ethereum (ETH) might witness more changes in validation design in 2024 following the Dencun upgrade.
Read more Ethereum’s Upgrade Dencun Sparks Bullish Momentum: Grayscale Insights
Yesterday, on February 23, the addition of the auditor deposits issue was announced in the expected hard fork schedule for Electra, shifting from the fourth quarter of 2024 to the first quarter of 2025.
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