Vitalik Buterin: It is necessary to introduce additional fines for Ethereum validators

Co-founder of the Ethereum project Vitalik Buterin named Correlation penalties are one of the best tactics to encourage network decentralization. In his new publication, he proposed extending a similar incentive to more “routine” failures, such as lack of certification.

Buterin explained that Ethereum has a set of rules that each node participating in the consensus must obey. These rules are aimed at encouraging “good behavior”, which refers to the completion of blocks.

In case of “bad behavior”, a fine is imposed. The Ethereum co-founder believes that anti-correlation incentives should be extended to more “ordinary” situations. For example, proof omission, which all validators encounter from time to time.

Ethereum Account Abstraction

Note that in his recent speech at the BUIDL Asia exhibition in Seoul, he said that account abstraction is a way to ensure security and convenience for blockchain developers and users. According to The Block citing Buterin's statement, security goals include allowing users to change and revoke private keys and more efficient means of account recovery.

In turn, convenience goals include the ability to pay for gas in ERC-20 and payment automation. According to Buterin, Ethereum's account abstraction aims to allow user wallets to act as smart contracts without the need to manage external accounts and their private keys.

It is reported that Ethereum participants currently interact with the network using External Accounts (EOAs). This requires them to maintain a private key and accounts with additional funds, which is a serious disadvantage for users and developers.

Metaverse concept

During the Q&A session after the talk, the Ethereum co-founder was asked what he thought about the metaverse. The expert admitted that its concept still raises a number of questions:

According to him, for the normal operation of the metaverse, various elements of the virtual world are needed, as well as cryptocurrency, VR and some elements of artificial intelligence.

Earlier, Vitalik Buterin spoke about the concept of Rainbow staking and explained how Ethereum can be made resistant to quantum attacks. He also named the four components of the cryptocurrency sector.