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As Ethereum moves away from Proof of Work to Proof of Stake, we cannot take its decentralisation for granted.
We need decentralisation in depth, and we at @ObolNetwork are enabling the next frontier of decentralised network validation.
oisin.eth | Obol
3,772 posts
oisin.eth | Obol
@OisinKyne
Building Distributed Validators for Ethereum. CEO @dv_labs. Previously @BlockdaemonHQ, @Consensys. Pronounced 'Ush-sheen'. 🇵🇸🇱🇧🍉
Joined April 2008
- The modular Ethereum stack. Ethereum is becoming modular, let's take a look at how. 🧵 1/10
- Appchain takes are hot again, let's recap. App specific L1 - high issuance for low security, no atomicity, hard to be most decentralized. App specific L2/roll up - low issuance gets high security, cross roll up atomicity through the L1, piggybacks L1 decentralization.
- Looks like Lido proposed it's first block with a distributed validator on Goerli yesterday 👀
- Vitalik marked Distributed Validators as complete, but there are still many things to do to make DVs the safest and most accessible way to take part in validating Ethereum. I have put together a DV Roadmap, and a blog to go with it: blog.obol.tech/roadmap-the-di…
By popular demand, an updated roadmap diagram for 2023! - To have spent years starting a project, sticking to my guns on architecture choices, and to see it go live and perform better than the solo validators I only hoped to match, has been an unbelievably gratifying experience, ngl. Validators are run by communities, not individuals.We're thrilled to share that we've been running the first DV cluster on Mainnet Ethereum since Dec 30 with a 🔥 98.6% eff. rating! As this is the first phase of our Road to Mainnet 🛣 it's time to discuss our design philosophy and approach. 👀🧵 #RunDVT blog.obol.tech/road-to-mainne…
- The first distributed validator MEV block on mainnet was proposed over the weekend. Kudos to @EridianAlpha, and the operation solo staker initiative from @ether_fi 🚀
- A lot of people complaining about Lido's centralisation, not as many people doing something about it. Happy to say we are trialing tripling their node operator count, while reducing the trust in them simultaneously with #DVT. Feedback welcome:
- Some people believe that if Ethereum just got rid of those pesky maxis that want to run their own nodes and stake their own eth, that Ethereum would finally be able to scale. Those people are wrong. Ethereum’s DA and CR roadmaps depend on many honest full nodes. If most the
- A single L2 plans to consume all of Ethereum's near term data availability. We've been working on tech to scale DA non-linearly as a function of nodes for years now, a version of it will ship in Fusaka. All we need now is confirmation that the network's North Star is scaling.
- The US GDP smart contract might be the single most beautiful contract ever written. No notes.
- Ethereum’s net issuance is at -0.2% per year, this is clearly WAY TOO HIGH and something we need to CUT URGENTLY! Otherwise non-stakers are being diluted by… *checks notes* … a negative amount per year, that’s dangerous! We’ll be much safer if we cut our security budget! /s
- A Lido Node Operator had their withdrawal private keys compromised in a supply chain attack. Fortunately, this operator was part of a distributed validator cluster, so even if their DV private key shares were at risk, the protocol was not. Their wallet was drained, but the
