Ethereum Foundation DevCon 6 - Staking & Validator Experience Track, 14 Nov 2022

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From YouTube: Client Diversity Matters: Thinking Independently Together

Description

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https://archive.devcon.org/archive/watch/6/client-diversity-matters-thinking-independently-together/index

There is an ongoing conversation about the increased centralization of the Ethereum ecosystem following the migration to Proof of Stake. Clients deployed, nodes location, hosting services as well as liquid staking providers that have significant relevance that could potentially reduce the resilience of the network as a whole. We will dive into the state of the network post-merge and share specific actions related to how we can collaborate for a better outcome for the Network.

Speaker(s): Pablo Larguia
Track: Staking & Validator Experience
Keywords: Staking,decentralization,nodes

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Devcon is the Ethereum conference for developers, researchers, thinkers, and makers.
Devcon 6 was held in Bogotá, Colombia on Oct 11 - 14, 2022.
Devcon is organized and presented by the Ethereum Foundation, with the support of our sponsors. To find out more, please visit https://ethereum.foundation/

A

A

Thank you for joining us, so I'm Pablo as Juan David, said, and I'm going to talk about client diversity. So um this is the clearest image of the universe that it was taken by Telecom web like three months ago. uh So imagine if, instead of this, the universe will be like this with a lot of black hole, doesn't make a lot of sense right.

A

Well, that's that's exactly how we humans, collaborating in the ethereum validation of the network, are working together like uh most of the notes uh worldwide are in Europe and in the US and very few in other regions, so for geographically decentralization is super important from all of us to to make sure that we collaborate and make a better Network together.

A

If, if you go to ethernotes.org, you can see that in the top 20 countries you know number one is the US and there's no single country in Latin America or in or in Africa, uh as a stop as top 20 in in notes in the in their regions.

A

Then we have a second centralization point which is with client. As you know, most of the notes are hosted with a get and prism in execution and consensus, clients, which is also a kind of centralization. So first we have geographically centralization. Secondly, uh client centralization, and then we have the Amazon centralization. Most of the 50 of the nodes were wide are hosted in Amazon web services. So again, at the end of the day, we are building a decentralization network. Super centralized in this case in Amazon.

A

So is the third centralization point, and then we have the fourth one, which is uh the providers of staking worldwide. As you know, most of them are concentrated um in Lido and centralized exchanges like like uh coinbase Kraken binance. So again, uh we think there's an opportunity to to change all of this together.

A

um So this is a little bit. What is going on right now um in terms of of no deployment worldwide.

A

So um my talk today is to bring awareness and Consciousness on how important is to really think when we stake uh to take uh to take care of these four different pain points, and what we can do is make conscious choices like make sure where you stay your eat. You know if you, if you can do it with a non-custodial solution, a decentralized solution. Where are the notes of that node operator? Hosted um Diversified jurisdiction is also super important.

A

As you know, what happened with tornado cash a couple of months ago in the US, so again, diversity is so important here, also with hosting providers and execution um and consensus layers.

A

So what we are doing uh last minute, what we are doing from Sensei node? We are the first and only node operator in Latin America, so we just launched a smart contract, uh a non-custodial solution where anyone can deploy a node in the region. So, basically you just connect with your metamask wallet and you can send 32 each and have your node uh in Latin America, helping diversity of geographically diversity, also data center diversity in Latin America. The data center industry is super fragment, which means that there are a lot of local and Regional providers.

A

So we work with all of them to make sure we promote the centralization. So, with that smart contract, a certify of deposit, we are giving an nft where you have your 32, each plus all the rewards generated, and it's also the liquidity that can be selling any nft Marketplace. So this is our approach to decentralization and how we want to help um so yeah. So now, thank you very much and I'm happy to be here.

B

Thank you, Paolo. We have three to four minutes for any questions. Why is important diversity, client, diversity, geographically and in general,.

C

uh Good day, I only wanted to know that you can't you unite all the validators to the light or coinbase, because light is different. Validators and coinbase uh don't share. Who is the sub workers for uh validate the theme to nodes so on your slice? It slide it's like 29 percent, mostly it's like more than 30 different, validates there inside light, or you say it's not the light. It's like Unity of independent validators, yes,.

A

They uh that's correct, but you're talking about life in particular that they have 28 different node providers.

C

Yes and coinbase have the same situation only they don't have uh clear information on the public sites.

A

Yeah in the case of Lido: yes, they work with different no providers, but there's a single point of failure in the smart contract, potentially.

C

Yeah, but you, okay, okay, but I- think that this screenshot, that is on your presentation, is not correct. That's only my you.

A

Know which one this one yes uh is taken from.

A

huh Sorry so well you can yeah. You can tell Julian that it's not a correct slide, but it's over there.

D

Hello, oh nice, hi thanks! So much for uh this talk, I wanted to ask you who are the sorts of people you're finding in Latin America that are beginning to run nodes for the first time are beginning to stake, and what sort of um is this in any way helping with adoption, or is this mostly like for technical people um and I, asked this question because I'm trying to do something similar in the Middle East?

D

A

You're welcome um so nowadays, as you know, worldwide there are many node operators, but we are the the only one deploying notes in the region and also for centralized exchanges in Latin America. We have a lemon bits or ripio and they do not offer staking Services yet, okay, so that's also a constraint because most of Latin American users are on those exchanges and they start. The second service is not in in their in their wallet or exchanges. So I think this will change in the next six months.

A

Eight months, probably when, when the when the the exchanges that concentrated most of the Latin American, uh people uh will be available to stake.

B

One more question: we still have time: those are the perks to be the last one. They can go a big upper the clock here.

C

Hi and I would like to I would like to now.

B

How every time, if you're, a smart, Contour being audit updated for security, yeah.

A

We have been through two audits, one of them with coinspect and yeah, and we are, we are launching next week, this smart contract, so we are just starting with it. Yeah coin inspect. Is your auditor foreign.

B

A

B

Right Pablo, thank you so much. We need to improve that map to have more points below.

A

Absolutely thank you. You're.

B

Welcome big round of applause for Pablo thank.

A