Ethereum cryptocurrency (ETH) creator Vitalik Buterin came up with a new method to combat a 51% attack on the digital asset’s blockchain.
A member of the cryptocommunity, known under the pseudonym Superphiz.eth, expressed concern for the security of the ETH network after the implementation of The Merge update, which provides for the transition to the PoS consensus protocol.
He believes that not all Ethereum-stacking pools will agree to limit the number of validators so as not to lose profits. In response to this message, Buterin suggested using an economic approach to reduce the risk of a 51% blockchain attack.
We need to allow top steaming pools to increase their rates. For example, if a pool has more than 15% of validators, it should increase the commission for using its service until the number of validators drops below 15% of the total,” Vitalik said.
Obviously, users will choose pools with low commissions, so if service fees go up, stackers will start switching to other platforms. Once the pool controls less than 15% of the network’s validators, it will be able to reduce the commission to the standard value.