Vitalik Speaks Out 🎙️ – Defends Ethereum’s Validator Queue
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Updated at: 2 hours ago
{"content":"Vitalik Speaks Out 🎙️ – Defends Ethereum’s Validator Queue Design
Vitalik Buterin thinks the validator queue architecture keeps Ethereum trustworthy.
ETH jumped off the 20-day SMA again but faces $4,600 resistance.
Ethereum (ETH) trades at $4,600 on Thursday as co-founder Vitalik Buterin defends the network's validator queue architecture despite an increase in investor unstaking waiting time.
Vitalik Buterin supports Ethereum's validator queue.
Ethereum co-founder Vitalik Buterin reacted to critiques of the protocol's validator queue architecture by saying that although not ideal, it helps preserve confidence, particularly for less active network players.
"Staking is a grave obligation to protect the link. Quitting involves friction. Buterin wrote on Wednesday X that an army cannot survive if any percentage of it may depart at any moment.
"That's not to say that the current staking queue design is optimal, rather that if you reduce the constants naively then that makes the chain much less trustworthy from the PoV of any node that does not go online very frequently."
The reaction comes after validators' wait time for unstaking their assets reached 43 days and the exit queue reached 2.48 million ETH. Validator Queue data shows this is 7% of the 35.6 million ETH in staking contracts.
Some crypto experts dubbed Ethereum clunkier and slower than other Layer 1 networks due to its large backlog. Others justified the design by equating exit line waiting time to bank risk capital removal.
Coinglass data shows $59.8 million in Ethereum futures liquidations in the previous 24 hours, including $37.4 million short liquidations.
Over the previous 24 hours, ETH rebounded off the 20-day SMA again and surged over $4,500 barrier. Risk-on mood returned after the Fed reduced interest rates by 25 basis points on Wednesday.
However, the leading altcoin may sell at $4,670. A strong daily candlestick close above this level might take ETH beyond $4,835 barrier.
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