By Adam Efrima
The crypto space is full of buzzwords and abbreviations, and today, I’ll be discussing one that’s not quite so widespread yet: Decentralized Validator Technology, or DVT. It promises to fix a major worry about how traditional validator setups operate on Ethereum by significantly decentralizing and securing the process.
Validators are the entities that build blocks in Proof-of-Stake (PoS) blockchains, similar to miners in Bitcoin (and other Proof-of-Work (PoW) protocols). Ever since Ethereum moved entirely to PoS in September 2022 with The Merge, the blockchain has been supported by a set of approximately 900,000 validators, which theoretically makes it the most decentralized PoS network currently live.
However, not all that glitter is gold in this space. Multiple issues have been raised regarding how PoS is currently implemented in Ethereum, all of which contribute to making it a bit less decentralized than it would seem. But first, we need to dive into the weeds of
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