SEC’s Ethereum While the move continues to be discussed, Ethereum co-founder Vitalik Buterin made a new announcement at the Ethtaipei 2024 event in Taiwan.
At this point, Vitalik Buterin introduced a new conceptual framework designed to allow protocol service providers to participate in a diverse menu of protocol services. “rainbow staking” introduced.
It was stated that rainbow staking directs investors to individual staking, providing a significant advantage for individual stakers and encouraging them to participate in various service sectors.
Vitalik, ETH Drawing attention to the centralization risk of staking Lido emphasized that Coinbase, Binance and others have an excessive share of staking.
Regarding staking, Buterin said there is a group of staking investors who have at least 32 ETH, which is the threshold for running a validator, but prefer staking pools and liquid staking tools over individual staking.
Stating that ETH staking increases the risk of centralization in this way, Buterin said that this investor group should take action to reduce the risks of centralization. “solo staking” He advised her to choose the option.
” A group of investors do not choose to stake alone, but these investors may choose the option of “staking alone” to reduce the centralization risks of ETH selling.
Even if solo staking becomes maximum easier with the new Rainbow staking feature, I think many people will still not stake solo.
But Rainbow staking could potentially solve problems if they come to the fore.”
*This is not investment advice.
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