Fidelity: Ethereum’s growing number of validators raises technical capabilities and centralization issues

Fidelity Digital Assets said Ethereum’s growing number of validators raises technical capabilities and centralization issues. The increase in the number of validators is considered a good problem because it represents increased adoption of Ethereum, but accurately predicting future verification demand is difficult. Recent reports show that the number of active validators on Ethereum has increased by 74%. The number of validators on the Ethereum blockchain rose rapidly after the Shapella upgrade, raising concerns about technical capabilities and centralization issues. An increase in the number of validators increases network connections and increases overall bandwidth requirements. As bandwidth requirements grow, validators that cannot keep up may exit the network, increasing the risk of centralization. The report notes that the potential for rapid growth could become an issue due to centralization and bandwidth risks. (CoinDesk)