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Developers of the Ethereum network are considering a drastic increase in the validator limit due to a recent bump in waiting times and a surge of interest in spinning up validator nodes. Currently, the validator limit is set at 32 ether (ETH), but developers are proposing a 6,300% rise to 2,048 ether.
According to the developers, the current limit has led to a significant expansion of the network's validator set, but with a large increase in the number of validators running the network. The proposal to increase the validator limit was discussed on an Ethereum core developer call on Thursday. If the proposal is accepted and implemented, it could have a significant impact on the Ethereum network and its validators.
Validators are entities in a proof-of-stake blockchain, such as Ethereum, that process transactions and help maintain the overall security of such networks.
Data shows the current waiting time for a user to run a validator node on Ethereum is 44 days, up from nearly a month in May. Exiting the network is possible within a few minutes, and no entity is in the “exit queue” as of Monday, the data shows. The data indicates the demand for validators to enter the network and earn a nearly 5% annual yield.
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