The Daily Gwei - Empowered People - The Daily Gwei #484
I’ve written and talked about Ethereum client diversity a lot over the last few months - especially around the need to have a much healthier client ecosystem. Well, today Michael Sproul posted an updated look at client diversity and it’s look absolutely amazing! Prysm, previously the supermajority client (66% network share), has now been reduced to just ~40% whereas Lighthouse, Teku and Nimbus have all increased their share (and Lodestar is finally getting some love). Here's clientdiversity.org updated with the latest data
- Coinbase switched a bunch of validators from Pyrsm to Lighthouse 🚀
- Prysm's fraction is a slight underestimate due to confusion with Nimbus
- Lodestar is back! For those of you who don’t know the history here, the tl;dr is that a few months ago Prysm had a greater than 66% share of the Beacon Chain validators which presented huge risks and an unhealthy Beacon Chain. This led to a call to arms from the Ethereum community for people to switch from using Prysm to one of the other clients. This battle was fought well and many awesome people worked hard to get bigger stakers (such as exchanges) to switch from using Prysm (Coinbase and Kraken both had 90%+ Prysm usage - now they only have 68% and 81% respectively - and dropping fast). What I loved most about this call to arms was that it really shows the power of Ethereum’s social layer. This wasn’t championed by the core devs, the Ethereum foundation, Vitalik or anyone else that people normally say Ethereum is centralized around - it was championed by the community all on its own (thanks in large part to the leadership from Superphiz). And the best part is that it actually worked - it wasn’t just people screaming into the void - real change and impact was put into motion through the sheer willpower of the community. There’s another similar challenge that the community is rising to at the moment and that’s around staking pool centralization. This one is a little trickier since ETH stake won’t be able to be withdrawn from the Beacon Chain until early next year, but we can still encourage people to stake with minority pools. As for post-withdrawals, I actually think we’re going to see a “Great Reshuffling” of ETH stake - essentially I believe that a lot of people are going to move their stake around once withdrawals are enabled. Now, it’s anyone’s guess where people move their stake to, but I’m hoping that people choose decentralized/non-custodial ways to stake rather than just going with a centralized provider. Ethereum’s social layer has never been stronger - from improving client diversity to attracting the best talent - Ethereum is where the smartest minds live and thrive. But let’s not rest on our laurels as maintaining a healthy social layer takes vigilance and hard-work - after all, we really don’t want to end up like the Bitcoin community (though maybe at some scale that’s inevitable - a discussion for another time)! Have a great day everyone, Enjoyed today’s piece? I send out a fresh one every week day - be sure to subscribe to receive it in your inbox! Join the Daily Gwei EcosystemAll information presented above is for educational purposes only and should not be taken as investment advice. If you liked this post from The Daily Gwei, why not share it? |
Older messages
DeFinitely Wrong - The Daily Gwei #483
Tuesday, May 17, 2022
It's usually the most popular narratives that end up being wrong.
Fruitful Debates - The Daily Gwei #482
Monday, May 16, 2022
Sometimes good debates can actually be had on Twitter.
The Protocol Guild - The Daily Gwei #481
Friday, May 13, 2022
Sustainably funding Ethereum's future.
Gang Violence - The Daily Gwei #479
Thursday, May 12, 2022
The regulators are coming whether we like it or not.
Fallout - The Daily Gwei #480
Thursday, May 12, 2022
It's finally time to accept reality - the party is well and truly over.
You Might Also Like
Bitcoin soars to $65,000 as Israel-Iran sparring looks to conclude
Friday, April 19, 2024
Several analysts analysts remain optimistic on Bitcoin's price trajectory especially as the halving event looms. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin Halving Trends
Friday, April 19, 2024
Anticipate trends and uncover how this Bitcoin Halving compares to past events with our exclusive dashboard. Flipside Crypto Hey there, The Bitcoin Halving begins tomorrow and onchain activity leading
Big Moves Ahead - Joining Forces with Milk Road!
Friday, April 19, 2024
Exciting changes are on the horizon!
NFT & Blockchain Gaming Weekly - 📉 BAYC NFT Floor Price Hits 2.5-Year Low; Dark Lions Are Coming to Mane City
Friday, April 19, 2024
Bored Ape Yacht Club NFT floor price hits 2.5-year low. STEPN partners with Adidas to launch a limited-edition sneakers NFT collection. MetaMask enables eligibility checking of NFT airdrops. ͏ ͏ ͏ ͏ ͏
WuBlockchain Weekly: Bitcoin Halving, Hong Kong Approves Bitcoin and Ethereum Spot ETFs, Federal Reserve Not Lower…
Friday, April 19, 2024
1. Bitcoin Witnesses Its Fourth Halving This Week link Bitcoin is expected to undergo its fourth halving when the block height reaches 840000, anticipated to occur around April 20th at 8:10 (UTC+8).
Top 4 accounting firm turns to Ethereum for blockchain-based business contracts
Thursday, April 18, 2024
OCM is designed to facilitate the secure handling of business contracts on a public blockchain, ensuring privacy by utilizing zero-knowledge proofs to maintain contract integrity and confidentiality. ͏
CryptoQuant Research Director: Halving is imminent and Bitcoin price has room to continue to rise
Thursday, April 18, 2024
Julio Moreno, the Head of Research at CryptoQuant with over 13 years of expertise in commodity research, leads the forefront of on-chain analytics. This podcast discusses CryptoQuant's recent
Fetch.ai, SingularityNET, and Ocean Protocol’s planned $7.5 billion ASI token to launch in May
Wednesday, April 17, 2024
Artificial intelligence was one of the leading narratives in the crypto industry during the first quarter of the year. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Claim $AVAX with LayerZero Quest
Wednesday, April 17, 2024
Complete two, easy onchain actions for $AVAX and build your LayerZero onchain reputation. Reputation could help you get the upcoming airdrop Flipside Crypto Hey there, Claim $AVAX when you complete
DeFi & L1L2 Weekly - 💱 Ondo Finance Successfully Tests Near-Instant Conversion Between USDC and BUIDL
Wednesday, April 17, 2024
Ondo Finance tests instant conversion between BlackRock's BUIDL and USDC. Ethereum's Pectra upgrade to introduce smart contract functionality to wallets. EigenLayer removes staking caps on LSTs