A new Ethereum (ETH) research has suggested decentralized randomization systems to solve the network’s centralization problem. Ethereum Falls Short of Decentralization Foundation It is noteworthy that Ethereum’s transition from a Proof-of-Work (PoW) algorithm to a Proof-of-Stake (PoS) consensus mechanism, as well as its adoption of Proposer-Builder Separation (PBS), has not sufficiently addressed its centralization challenge. Only two entities are responsible for the proposal of around 80% of Ethereum’s block. Consequently, these entities control a significant percentage of the blockchain’s Maximum Extractable Value (MEV). This outlook does not truly reflect the initial foundation of decentralization for Ethereum. The proposed randomization solution could be pivotal in solving this problem, as it could eventually enhance the block creation process on Ethereum. Here is How Decentralized Randomization Works Ordinarily, specialized builders are responsible for constructing blocks, but with the new solution, all Ethereum clients like Geth and Nethermind will now utilize an identical random algorithm. With this, they can select transactions and roll-up blobs from their local mempools. The goal of this solution is that no entity can predict or control transaction ordering. The research suggests that once this solution is implemented, it could eradicate block-level MEV, including arbitrage and front-running opportunities. More important is the capacity for the randomization solution to reduce Ethereum’s current 12-second slot time to 6-8 seconds. It would also support Danksharding’s future roll-up requirements. Ethereum Experiences Leadership Shakeup This research comes at a time when the Ethereum ecosystem is experiencing a massive shift in leadership. Last week, Aya Miyaguchi of the Ethereum Foundation transitioned from being the Executive Director of the non-profit organization. She made this move amidst several backslashes from Ethereum community members and EF insiders. Similarly, EF started the last month in Q1 by naming two new co-executive Directors , Hsaio-Wei Wang, a researcher, and Tomasz Stanczak, Nethermind founder, to drive the ecosystem’s core principles. They also replace Miyaguchi, as the duo will now oversee the firm’s affairs. Going forward, Wang and Stanczak have no plan to alter the core principles of the organization. Instead, Wang acknowledged that EF would continue to evolve alongside Ethereum for growth. According to core developer Tim Beiko, these shifts are “one of the most consequential turning points in Ethereum’s history.” The post Ethereum Research Picks New Solution to Address Centralization appeared first on TheCoinrise.com .
