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Turning Ethereum into a Community Project
--- title: On-chain upgrade signaling description: Allows participants to indicate readiness for a client upgrade when producing blocks author: William Entriken (@fulldecent) discussions-to: #top status: Draft type: Standards Track category: Core created: 2024-12-22 --- Abstract This proposal adds a mechanism for clients to signal their willingness for a protocol upgrade by embedding a “vote” indicator in newly mined blocks in extraData. A future fork activation block occurs only if enough bloc...
Note: turning off a validator incurs a small penalty, but running the wrong software version slashes 100% of your staked Ether (currently 16 ETH per share). Regulators see this fungible commodity asset that generates more of its own kind at a fixed ratio proportional to time, and they may fail the understand the unique service provided by each validator. In fact, after The Merge, the United States Securities and Exchange Commission sent letters requesting details of the authors of the EIP for staking rewards (see: Coinbase Wells Notice and lawsuit).
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