Ethereum update: Vitalik Buterin backs new block transaction proposals

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Ethereum update: Vitalik Buterin backs new block transaction proposals
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Vitalik Buterin supports new Ethereum block transaction proposals to minimize centralization and attacks. But one problem remains unsolved.

‘Everyone agrees that having multiple actors contribute transactions that must be included in the block is a good idea’For context, a single validator is chosen to create each block in the current Ethereum system.

However, in most cases, the selected validator would choose transactions with higher fees and better rewards, sidelining those with low fees.The new block-creation proposals aim to solve this.Unfortunately, researchers have different views on theOne is Braid, a proposal from Ethereum researcher Max Resnick. It aims to run several parallel instances of Ethereum. This will enable concurrent block creation and validation to avoid the risk of centralization or attacks.

Instead, Dietrich proposed the FOCIL design, which he co-authored. FOCIL seeks to give priority to the first block observed by the majority of nodes .Dietrich, stating that Braid offers an extra advantage over FOCIL. He mentioned that Braid guarantees priority ordering of transactions rather than a single validator cherry-picking the transactions.‘Conditional tips .

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