While complex to set up, distributed validator technology could improve Ethereum’s staking experience, according to the creator of Ethereum.
Ethereum co-founder Vitalik Buterin has proposed adding distributed validator technology (DVT) to the blockchain’s staking mechanism, arguing it could simplify the process and the technology backing it.
Buterin pitched “native DVT” in a post to the Ethereum Research forum on Wednesday, which he said would allow Ether (ETH) stakers “to stake without fully relying on one single node.”
Currently, Ethereum validators can only run one node to work to secure the blockchain, which can incur penalties if it goes down.
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ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets. Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.Read more

