Ethereum core developer Tim Beiko summarized the latest Ethereum execution layer meeting, which discussed topics such as the devnet-8 status update and the inclusion of EIP-7514 as part of the Cancun upgrade.
EIP-7514 aims to limit the maximum validator growth rate from exponential growth to linear growth through the Epoch Churn Limit.
EIP-7514 will be integrated into the Cancun upgrade, setting the validator activation queue's upper limit, Max Epoch Churn Limit, to 8 without affecting the withdrawal queue. The purpose is to slow down the growth of ETH staking rates to allow time for designing a better validator reward scheme. Previously, this variable was derived from "total number of validators/65536" and is currently approximately 12/epoch.
Prior Reporting: Ethereum Launched Devnet 8, First Testnet includes All EIPs for Cancun/Deneb Upgrade
Related Reading: What is EIP-4844? How Does Cancun Upgrade Reduce Ethereum Transaction Fees?
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