Ethereum researchers propose a solution to centralization issues and the elimination of MEV
Ethereum researcher "Malik672" has proposed a "Decentralized Random Block Proposal", aimed at eliminating MEV and addressing centralization issues.
The research points out that currently about 80% of Ethereum blocks are proposed by only two entities, which damages the network's decentralized nature.
The proposal suggests all Ethereum clients use the same random algorithm to build blocks, reaching consensus through Byzantine fault tolerance mechanisms. This system will eliminate Maximum Extractable Value (MEV) at the block level, distribute block proposing rights from a few builders to thousands of global clients while maintaining compatibility with sharding technology.
Compared to the current Proposer-Builder Separation (PBS) mechanism, this system prioritizes trustlessness over optimization. It could potentially reduce Ethereum's block time from 12 seconds to 6-8 seconds but may sacrifice some second-layer network efficiency. Researchers believe this trade-off is worthwhile for an Ethereum that values fairness and decentralization.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether suspends bitcoin mining in Uruguay due to rising energy costs, laying off 30 local employees
WLFI: BNB Ecosystem USD1 Zero-Fee Promotion Extended Until December 31
Bitwise BSOL Solana ETF increased its holdings by 93,167 SOL in the past hour
CoinMarketCap launches MACD dashboard, supporting comparison of momentum indicators for multiple cryptocurrencies