Since the Beacon Chain went live on December 1, 2020, only 226 validators in the Ethereum ecosystem have been punished in the form of slashing — the process by which validators are removed from the network and cut off a portion of their stake in violation of PoS consensus rules Validators provide ETH as collateral. This cut represents just 0.04% of the total 524,060 validators on the Ethereum network.
Ethereum core developer “Superphiz” has emphasize About this paltry percentage on Twitter and a reminder not to worry about Slashing when staking ETH.
“Only 226 of the 523,000 validators on the Beacon Chain were slashed. Nothing to worry about. Multiple slashes also occurred during the failed system migration.”
The developers also explain the new “Four Best Practices” for avoiding Slashing penalties.
The first is to delete any existing chain data on the old staking machines, and install and reformat validators as needed, but also note that many of the cuts were due to “unsatisfactory system migration. Lost”.
Second, Superphiz recommends using the “doppelganger detection” feature, which checks that the authenticator key is active before starting the authentication process.
While this affects validator uptime, he explained that “perfect uptime” isn’t worth cutting across the scheme.
“It is wise to throw away $0.06 to save $1700. (about 1 ether for one cut).”
It’s also a good idea to check caches and logs on the beacon chain to identify any potential issues, the developers said.
Validator logs are truncated on the beacon chain. Source: Beaconcha.in
If something feels wrong, Superphiz recommends “uninstalling everything” and “rolling back” once you’ve identified the problem and found a solution to fix it.
The developer also noted that more than 150 of the 226 cuts were caused by services rather than by “household stakeholders”.
The number of staked ETH and active validators on the beacon chain. Source: Beaconcha.in
According to the Ethereum Foundation, validators are penalized for violating “endorsements” or “proposals.”
A proof violation is a type of violation in which a malicious validator attempts to change the history of a block or “double vote” by endorsing two candidates for the same block.
A proposal violation occurs when a validator proposes and signs two different blocks for the same position.
According to data from beaconcha.in, most of the case cuts were due to proven violations.
One of the largest halving events took place on February 4, 2021, when staking infrastructure provider “Staked” suffered a 75 validator slash for creating competing blocks. Staked said the certification breach was due to a “technical issue.”
According to beaconcha.in, since the beacon chain merged with the Ethereum PoW chain on September 15th, only 35 out of 226 cases have been slashed, suggesting that the merger has not really had a profound impact on the slash rate.
Of the 120.4 million ETH currently in circulation (according to data from CoinGecko), approximately 16.7 million ETH are staked (according to beaconcha.in), a percentage of ETH staked of approximately 13.9%.
ETH can be pledged through a centralized exchange, entrusting a third-party validator network, or running an independent node. A minimum of 32 ETH is required.
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As reported by Cointelegraph
