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30 posts tagged with "validators"

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EIP-9999's 0.06% counts validator keys, not stake

· 5 min read
Aubury Essentian
Ethereum Research

Draft EIP-9999 landed yesterday with a clean argument for deleting the sync committee: 512 validators, one seat per 1,761 validators, only 0.06% of the active set. At the start of the current committee period, 901,612 / 512 was 1,760.96. The arithmetic is almost comically exact.

The word "validator" is doing too much work.

Hash-chain RANDAO would reserve 46 MB for dead validator indices

· 5 min read
Aubury Essentian
Ethereum Research

EIP-8321 sounds almost suspiciously cheap. Replace the BLS RANDAO reveal with a hash chain, then store only the validator's current 32-byte commitment. The per-validator number is tiny. The validator registry is not.

Backcast against mainnet at finalized epoch 469,034, the proposed list body is 74.75 MB in raw SSZ. Of that, 45.98 MB points at validator indices that have already exited and can never propose again. The fork transition would initialize every one of those entries to zero, and the old indices have no proposal duty that needs a commitment.

The block after an empty slot earns 74% more attestation reward

· 6 min read
Aubury Essentian
Ethereum Research

Missing a block does not make its attestations disappear. They turn up one slot later, and the next proposer gets paid for including both cohorts.

Across 30 complete mainnet days, a regular canonical block earned a median 0.048761995 ETH from included attestations. A block after exactly one slot without a canonical block earned 0.084636038 ETH, or 73.57% more. That gap showed up on all 30 days, not in one ugly incident window.

EIP-8367's 64 ETH ceiling is already underwater

· 5 min read
Aubury Essentian
Ethereum Research

A draft proposal to sunset Ethereum's old BLS withdrawal credentials starts from a neat premise: set the initial balance ceiling at 64 ETH, safely above every affected validator, then lower it gradually. Mainnet has already broken that premise. Six active 0x00 validators now hold more than 64 ETH, with a combined 31.31 ETH above the proposed cap.

EIP-8363's gentle transition is already a 16% reward cut

· 4 min read
Aubury Essentian
Ethereum Research

EIP-8363 arrived in the EIPs repository yesterday with a cushion: double the base reward factor at activation, then decay it back to today's value over 18 months. That sounds like a gentle start. At Ethereum's current active effective balance, it is already a 16.0% cut to the net consensus reward curve.

The reason is simple. The proposal doubles gross duty rewards, but it also burns 58.0% of each doubled reward. A fully performing duty nets 84.0% of what the current curve pays.