Lido states that although this validates their goal was to democratize staking in Ethereum, some have pointed out that such huge success can result in Lido becoming a centralizing force. Lido acknowledged these concerts, saying the people and their concerns are both important to them and also valuable to Ethereum as a whole.
Lido has also declared that it would be adopting Distributed Validator Technology (DVT). With the system running, it would classify validators into independent committees that together will propose and attest to blocks.
To mitigate the risks linked with an individual validator underperforming or being dishonest is the final goal. Lido can pair untrusted node operators” with a major chunk of trusted node operators through the implementation of DVT, hence further increasing decentralization without risking Lido stakers on Ethereum.
The development of a Node Operator Score($NOS) is another improvement that the staking platform wants to perform. The creation of $NOS will be done from different metrics and distribute stake on the basis of that. Anyone can join as a node operator and build up a stake over time, with the scoring system.
Because of its connection to the Ethereum 2.0 upgrade, LDO, its native token had increased by 257% from a mere $1.36 on 21st February reaching a high in 2022 of $4.86 in just a span of 10 days.
Ethereum Merge To Arrive Little Late Than Expected
The Ethereum Merge is scheduled to take place after June this year although the traction has been witnessed to be going strong. Tim Beiko, the leading developer at Ethereum, has disclosed that “The Merge” is in its final stages. Beiko also emphasized that the initiative will be happening a little later than expected. “The Merge” is considered a stepping stone for the blockchain.
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