Ethereum Research offers solution to centralization problem

New research on Ethereum suggests a system of proposal for decentralized random blocks to replace the current architecture which concentrated power among a few entities.

Despite that of Ethereum (Ethn) Switch to proof of the participation and adoption of the separation of the proponent-constructor (PBS), around 80% of Ethereum blocks are currently offered by two entities. This concentration undermines the decentralized foundations of the network and allows these entities to contain the major part of the maximum extractable value (MEV).

The proposed solution would basically change the process of creating Ethereum blocks. Instead of building specialized blocks, all Ethereum customers (such as Geth and Nethermind) would use an identical random algorithm to select the transactions and withdrawal spots for their local Mempools.

This randomization would guarantee that no entity could predict or control the transaction control. According to research, this could effectively eliminate MEVs in the blocks such as arbitration and race opportunities.

This approach could potentially reduce the current time of the location of 12 seconds of Ethereum to 6 to 8 seconds while meeting future requirements with Danksharding.

The decentralization report comes in the midst of Ethereum leadership changes

The timing of that research coincides with leadership changes to the Ethereum Foundation. The basic developer, Tim Beiko, characterized these changes as “one of the most consecutive turns in the history of Ethereum” in a recent post X.

Beiko praised the appointment of Hsiao-Wei Wang and Tomasz Stanczak as executive co-directors of the Ethereum Foundation. He described it as striking “the right balance” between the optimization and the preservation of the fundamental values ​​of Ethereum.

Wang brings seven years of experience as an Ethereum researcher with contributions to the Beacon channel, while Stanczak offers his history as a developer and organizing manager at Nethermind.

“Although it is clear that many things must change for Ethereum to win, it is easy to overcome and to kill magic in search of maximum optimization,” wrote Beiko. He suggested that these leadership changes would help Ethereum remain “anchored with OG values ​​while remaining relevant for newcomers”.

Despite his optimism, Beiko has recognized the challenges to come: “There is a lot of work before us and we should not be mistaken to take it for granted that Ethereum will succeed in the ambitions.”