Ethereum News: Proposed Solution Aims to Decentralize Block Proposal System

In a bid to address the growing centralization issue on the Ethereum network, new research has proposed a decentralized random block proposal system. Here’s a closer look at the problem and the potential solution.

Ethereum Research Offers Solution to Centralization Problem

New research on Ethereum proposes a decentralized random block proposal system to address the issue of power concentration. Currently, approximately 80% of Ethereum blocks are proposed by just two entities, undermining the network’s decentralized foundation and allowing these entities to hold most of the maximum extractable value (MEV). The proposed solution would fundamentally change Ethereum’s block creation process by using an identical random algorithm in all Ethereum clients to select transactions and roll-up blobs from their local mempools, ensuring no single entity can dominate the block proposal process.

5 Charts Explain Ethereum Price Crash

Ethereum price has crashed this year and is hovering NEAR its lowest level since September 2023. Trading at around $2,200, ETH is down by over 45% from its November 2023 peak. The weekly chart shows a triple-top pattern with resistance at $4,000, and the price has now dropped to the neckline at $2,150. A clear break below this level could lead to further downside, potentially to $1,176. Additionally, spot ETH ETFs are experiencing outflows.

Ozak AI: Ethereum Alternative Favored by Whales with Potential $100 to $10,000 Growth

Ozak AI has emerged as an Ethereum alternative, capturing the attention of whales or large holders. Its ongoing presale, combined with the platform’s adoption of blockchain technology and AI, has sparked significant interest. With an investment of $100 at the current phase 3 price of $0.003, investors could potentially receive about 33,333 tokens. If the token reaches its target, this stake may be worth $33,333, highlighting its immense potential. The presale’s progress, with more than 160.43 million tokens sold out of the 10 billion reserved and a price increase to $0.005 in phase 4, further indicates growing market interest.

Ethereum Foundation’s New Leadership and ETH’s Response

The Ethereum Foundation is ushering in a new era with major leadership changes that aim to shape the future of the network. On March 17, Hsiao-Wei Wang and Tomasz Stańczak will replace Aya Miyaguchi as co-Executive Directors. This strategic shift is expected to bolster Ethereum’s ecosystem and help drive its next phase of growth. Hsiao-Wei Wang has been a CORE researcher at the Ethereum Foundation for seven years and played a key role in initiatives such as the beacon chain and helped build Ethereum’s community in Taiwan. Wang’s deep knowledge of Ethereum’s research and development process and her strong connection to its core values make her a welcome addition to the leadership team.