Vitalik Buterin emphasized Ethereum’s low supermajority risk, stating that no execution client surpassed 66.6% market share.
Vitalik Buterin, Ethereum’s co-founder, recently pointed out an important feature of the network’s strength: no single execution client on Ethereum has over two-thirds market share.
He considers this “great news” for Ethereum’s Layer 1 network. This statement aligns with recent major upgrades on the Ethereum blockchain.
Vitalik Buterin on Ethereum’s Low Supermajority Risk
Buterin shared on Twitter, “No execution client has more than 2/3 market share. Great news for the robustness of the Ethereum L1.”
This comment highlights the network’s ability to remain stable and secure by avoiding dominance by any single client, which could pose significant risks if it held more than 66.6% of the market share.
The term “supermajority” refers to the potential danger if one client controls more than two-thirds of the network, as this could threaten the network’s stability and security.
However, Buterin’s snapshot of the current state shows that no single client exceeds this threshold, which reassures the Ethereum community.
According to a website focused on Ethereum supermajority risk, the distribution of market share among execution clients is as follows:
- Nethermind: 24.8% to 65.9%
- Go Ethereum (GETH): 21% to 62.1%
- Besu: 11% to 52.9%
- Erigon: 1% to 42.1%
- Rust Ethereum (RETH): 0.3% to 41.4%
- Cross-Validation: 0% to 41.1%
These figures show a diverse ecosystem, preventing any single client from monopolizing the network.
This diversity helps reduce the risk of a supermajority and supports Layer 1 scaling, as noted by Buterin.
Additionally, Ethereum is preparing for significant upgrades, including the anticipated Pectra upgrade.
Upcoming Upgrades on the Ethereum Blockchain
Christine Kim from Galaxy Research reported that Ethereum developers recently conducted their 140th All Core Developer Consensus Conference Call (ACDC) to discuss upcoming upgrades.
Kim mentioned, “Ethereum developers have hinted at a new upgrade dubbed Fulu-Osaka.”
This upgrade is expected to enhance the network’s performance and security.
Alex Stokes from the Ethereum Foundation led discussions on the progress of key upgrades, including Pectra and Fulu-Osaka.
Stokes stated, “We’re moving towards launching Pectra Devnet 3 within the coming week.”
This upgrade follows the Epctra update and continues the tradition of naming consensus layer upgrades after stars, with Fulu referencing a star in the Cassiopeia constellation.
Meanwhile, Buterin continued to emphasize the “crazy strong” fundamentals of the Ethereum network.
In an August 22 post, he responded to user queries and highlighted that the transaction fee on Ethereum’s Layer 2 is less than $0.01.
He also praised two Ethereum Virtual Machine (EVM) Layer 2 solutions, Arbitrum and Optimism, and mentioned that the network has “much more clarity on account abstraction roadmap.”
A recent maintenance update to Go Ethereum (Geth), released on August 12, 2024, with version 1.14.18, included various bug fixes and performance improvements.
However, there were some issues, as Geth produced invalid blocks on the Pectra Devnet.
Stokes noted, “Geth client has produced a couple of invalid blocks on Pectra Devnet 2, which developers are investigating.”
These issues are currently being addressed, and updates are expected to be incorporated into the launch of Pectra Devnet 3.
The development also includes EIP 2935, which involves storing historical block hashes in the state. It’s important to note that this change will not impact client implementations.
Ethereum developers are actively discussing potential developments in meetings scheduled every week.
