Hord has joined an initiative to ensure Ethereum's decentralization. This move is part of a broader effort within the Ethereum staking community to maintain the network's integrity and security.
The self-imposed limit, set at 22% of the Ethereum staking market, reflects a commitment by Hord and other providers, including Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance, to prevent excessive centralization of staking power. Ethereum relies on a decentralized network of validators to maintain its security and trustlessness, and this initiative seeks to preserve that core principle.
Superphiz, an Ethereum core developer, explained that this 22% limit was chosen because Ethereum's consensus mechanism requires 66% of validators to agree on the state of the network. By keeping the limit below 22%, the network remains resilient against the risk of a few major entities colluding to manipulate the blockchain.
Hord's commitment to this self-limit rule underscores its dedication to Ethereum's long-term health and sustainability. By ensuring a more decentralized staking environment, Ethereum can continue to thrive as a secure and trustless blockchain platform. This initiative demonstrates Hord's proactive approach to contributing to the Ethereum ecosystem and its commitment to decentralization.