Demex Daily #265: Vitalik Buterin's Plan to Address Ethereum's Centralization Risks

What’s Interesting Today:

Vitalik Buterin highlights centralization risks in Ethereum’s proof-of-stake (POS) system, where large stakers dominate, raising concerns about 51% attacks, censorship, and value extraction. With only two builders controlling 88% of Ethereum’s blocks, transaction delays and market manipulation are possible. To mitigate these risks, Buterin proposes giving proposers more control through inclusion lists, where builders must include certain transactions but can reorder them. He also suggests multiple concurrent proposers (MCP) schemes like BRAID to distribute block production more evenly. Encrypted mempools, using techniques like threshold and delay encryption, are essential to enhance transparency while maintaining security.

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Polimec, a decentralized Web3 fundraising protocol on Polkadot, has announced its integration with Banxa, a fiat-to-crypto gateway, to simplify investment in blockchain projects. This partnership allows users to convert fiat currencies like USD and EUR into tokens such as USDT, USDC, and DOT using credit cards, enhancing accessibility for both experienced and new investors. The integration addresses the demand for secure and compliant fundraising mechanisms by eliminating complex crypto conversions. With this collaboration, Polimec aims to create a more inclusive investment environment, further streamlining the onboarding process for users and advancing its mission of making multichain Web3 investments more globally accessible.

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