Analyzing Ethereum PoS Uniqueness | 以太坊PoS独特性解析

Originally published on Twitter:
https://x.com/blockTVBee/status/1815022546896503093

Ethereum ETFs are about to be approved, but I noticed that some people have doubts about Ethereum's PoS.

In fact, Ethereum's PoS is quite different from that of other public chains.

➤ Ethereum PoS

On one hand, Ethereum PoS essentially sets a threshold to become a validator. It requires 32 ETH to establish a validator node. Physically, a validator node is at least a computer. ( #SSV allows it to become a distributed system of multiple computers working together to complete validation tasks )

On the other hand, participating in PoS staking through #Lido does not necessarily mean that 32 ETH will always create a new validator node. However, generally speaking, new validator nodes will be established.

➤ PoS and Validator Nodes

Figure 1 shows Lido's TVL in ETH terms. Source: Defillama

Figure 2 shows the number of active validators and the amount of staked ETH on the Ethereum chain. Source: validatorqueue.com

According to the latest data from the official Ethereum website, over 32.89 million ETH have been staked, and the total number of validators exceeds 1 million, as shown in Figure 3.

In contrast, Solana had around 2,200 validators at the end of 2022 when FTX went bankrupt. Now, the number has dropped to over 1,500, as shown in Figure 4.

➤ Ethereum Hashrate and PoW

It is clear that the increase in ETH staking and the number of active validators are roughly simultaneous.

This means that as ETH staking increases, the hashrate of the Ethereum network also increases.

Of course, this hashrate is not comparable to PoW.

Ethereum's hashrate mainly involves executing accounting and validation tasks. It does not involve competing for accounting rights by calculating hashes as PoW does.

Therefore, as ETH staking increases, Ethereum's hashrate also increases, and this hashrate is more environmentally friendly.

➤ Ethereum Hashrate and Validator Nodes

The increase in Ethereum hashrate and validator nodes implies three points:

As staked ETH increases, Ethereum's hashrate increases. The competition and cost of producing ETH increase. Although this is not comparable to the scale of Bitcoin's hashrate, it follows a similar logic.

As staked ETH increases, the number of Ethereum validator nodes increases, which means the degree of decentralization increases.

As staked ETH increases, the number of Ethereum validator nodes increases, which helps improve the security of the Ethereum network.

In some public chain ecosystems, PoS merely involves staking tokens without increasing hashrate or validator nodes.

Ethereum is different. Ethereum's PoS is not just about storing tokens to earn more tokens; it also increases the hashrate and number of validator nodes in the Ethereum network, advancing the cost, decentralization, and security of the Ethereum ecosystem.

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以太坊ETF即将通过，但是，蜂兄发现有些小伙伴对以太坊POS有质疑。

事实上，以太坊POS和其他公链的POS不太一样。

➤以太坊POS

一方面，以太坊POS本质上是成为验证者的门槛，满32枚 $ETH 才可以建立一个验证者节点。验证者节点在物理上，至少是一台计算机。( #SSV 可以让它变成几台计算机分布式协作完成验证工作 )

另一方面，通过 #Lido 参与POS质押，虽然不一定满32个ETH质押就一定会新增一个验证者节点。但是，大体上会有新的验证者节点建立。

➤POS与验证节点

图1是Lido的TVL，ETH本位。来源Defillama

图2是以太坊链上活跃验证者的数量，以及质押ETH的数量。来源http://validatorqueue.com

以太坊官网最新数据显示，超过3289万ETH被质押，验证者总数量超过100万。如图3。

对比solana，2022年底，FTX破产时，solana链的验证者数量大约2200个，现在已经下降到1500多个。如图4。

➤以太坊算力与POW

明显可以看见，ETH质押增加和活跃验证者数量大体上同时增加。

这意味着，随着ETH质押的增加，以太坊网络的算力也在增加。

当然，这种算力与POW不可同日而语。

以太坊的这种算力主要是在执行记账、验证工作。并没有像POW那样，通过计算哈希去竞争记账权。

所以，随着ETH质押的增加，以太坊算力也在增加。并且这种算力更加环保。

➤以太坊算力与验证节点

以太坊算力、验证节点的增加，意味着三点：

第一，随着质押ETH的增加，以太坊算力在增加。ETH的生产的竞争与成本在增加。虽然这不能BTC算力的规模相比，但具有相近的逻辑。

第二，随着质押ETH的增加，以太坊验证节点数量在增加，这意味着去中心化程度相对增加。

第二，随着质押ETH的增加，以太坊验证节点数量在增加，这有利于提高以太坊网络的安全性。

某些公链生态的POS只是质押代币，并没有增加算力和验证节点。

以太坊不同，以太坊的POS并不是单纯的存币生币，而是在存币的同时，增加了以太坊网络的算力与验证节点数量，推进以太坊生态的成本、去中心化程度和安全性。

本文首发于推特：
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