The number of validators in Ethereum 2.0 has only reached 1/8 of the expected number. Should we start Phase 0 in early December?
ETH 2.0 will start phase 0 on December 1st?
In early November, the Ethereum Foundation launched the first process of the highly anticipated Ethereum 2.0 (ETH 2.0) upgrade specification. The specification specifies the conditions for starting phase 0-at least 16,384 validators are required to call ETH 2.0 deposit contract, deposit at least 524,288 ETH. If the requirements are met on November 24, phase 0 can be launched on December 1.
The 3-week pledge was not smooth at the beginning. During the period, something happened in the Ethereum community, mainly the 2.0 route problem. Many community members were suspicious, confused, or even confused. There was no substantial progress in the progress of the pledge. .
But these are not problems. At the critical moment, we still saw Vitalik’s strong ability to carry goods-in the last two days of the pledge deadline, we saw a large amount of ETH pledged into the Ethereum 2.0 deposit contract.
On the 24th, more than 524,288 ETH pledged to the ETH 2.0 deposit contract. This can be said to be a turning point for the entire Ethereum community. Vitalik also tweeted a low-key celebration.
How many validators are involved in staking?
Out of curiosity, I downloaded all the transactions of the Ethereum 2.0 deposit contract, performed some analysis, and came up with a result that some people may not want to see:
1) The total number of validators participating in the pledge: 2059, of which the number of validators who only pledged the minimum threshold of 32 ETH is 1330.
2) The top 100 pledged amount accounted for 67.15% of the total pledge amount.
3) The top 34 of the pledge amount exceeds 51% of the total pledge amount. (1.6% of validators exceed 51% of the pledge amount)
Ethereum is walking along the road from decentralization to weak centralization.
According to the statistics, if each address is regarded as a validator, then the number of validators pledged this time is 2059, which is one-eighth of the minimum number of validators required to start Ethereum 2.0 stage 0 , 12.5%, obviously, did not meet the conditions required to start phase 0.
However, it is very strange that almost everyone did not care about this number and thought that Ethereum 2.0 had reached the conditions for the start of phase 0 of the previous plan.
If this is the case, I can only think that the setting of this value is for the community to see, just to make everyone feel that um, this is more decentralized and much better than the 21 super nodes of EOS. In fact, no matter whether this threshold is reached or not, it must be activated.
What do the rest of the community think?
I followed Vitalik Buterin’s recent tweets and found that I am not alone in the data. A buddy posted a tweet as early as the 23rd, expressing concern about the excessive centralization of ETH 2.0.
This buddy said that he was curious about the ETH2 pledge contract, so he exported the data and made a pie chart. If he didn’t know it, he was surprised. He found that at that time (November 23), the highest number of pledges The 14 validators (1.3% of the 1,058 validators) represent 51.9% of the total pledge in the contract.
As for this tweet, although some people Aite Vitalik Buterin, but no reply has been received so far.
Nothing more
Finally, although from the data point of view, the validators of Ethereum 2.0 have not reached the minimum threshold for starting stage 0, but most people outside the world believe that starting stage 0 in early December is a certainty. We don’t need to struggle.
After all, whether or not it is, why do I have no voting rights?
