Vitalik Buterin, co-founder of Ethereum, has presented a new proposal to decentralize the blockchain of the second largest cryptocurrency on the market.
The proposed changes affect node operators, staking pools and delegates.
According to Buterin, the “Ethereum status quo" can be characterized as including a large proportion of new two-tier staking. This situation has two main disadvantages: the risk of centralization among node operators and the high burden on the consensus mechanism.
As a solution to the problem, he has proposed to reduce the staking reward four times and introduce restrictions on the maximum number of blocked assets to 6.25 million ETH. Buterin also intends to expand the powers of delegates.
Many active members of the Cardano community have accused him of plagiarism.
According to Charles Hoskinson, founder of Cardano, the Ethereum developers "literally just admitted" that they need to copy Ouroboros, Cardano's consensus protocol.