Data: On March 16th, 183 Ethereum verifiers voluntarily withdrew, setting the second highest record since the merger
On March 18th, according to Glassnode data, the number of voluntary exits by Ethereum verifiers reached 183 on March 16th, setting the second highest record since the merger. Voluntary exits refer to verifiers choosing to stop participating in the consensus and leave the verifier pool queue. They will no longer propose or prove blocks, and they will not be able to withdraw the previously pledged ETH after the upgrade in Shanghai. （cryptoslate）
Interpretation of this information:
The recent data from Glassnode analysis reveals that the Ethereum verifiers have made a record of 183 voluntary exits on March 16th, which is the second-highest number ever recorded. The concept of voluntary exits refers to the verifiers choosing to opt-out of contributing to the consensus mechanism and depart the verifier pool queue. Following the voluntary exit, those verifiers cannot produce or confirm any new blocks, and they will not be able to withdraw their previously pledged ETH after the upgrade in Shanghai.
There are different angles to interpret the implications of this trend. One potential reason behind the surge in voluntary exits could be the upcoming upgrade to Ethereum’s 2.0 network. The Ethereum 2.0 protocol involves implementing the proof-of-stake mechanism to provide more efficient and scalable operations for the network. However, this also means that the staking requirements for the new network would be significantly higher than previous standards. One possible explanation for the voluntaries exit could be that verifiers are preparing to transfer their staking resources to a more efficient network, which could boost the development of the proof-of-stake mechanism.
Another interpretation suggests that verifiers may have lost confidence in the Ethereum network or that they may have encountered technical difficulties with the consensus mechanism. Such difficulty could lead to dissatisfaction with the network infrastructure, causing verifiers to decide the voluntary exit from the Ethereum platform.
In summary, the increasing number of voluntary exits by Ethereum verifiers remains a concerning trend for the long-term stability of the platform. The network may need to address the reasons behind this development in order to retain its existing verifier trust and attract investment in the coming months.
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