In his latest talk at ETHTaipei, Ethereum founder Vitalik Buterin introduces Rainbow Staking as a way to combat growing centralization concerns around staking.

Buterin notes that “staking in general” and “liquid staked tokens” today have become centralization risks on the Ethereum blockchain. 

He highlights that there are not enough solo stakers on Ethereum today, citing technical challenges — like running your own node — and financial restraints — like not having more than 32 ETH. 

This is because, on Ethereum, solo stakers must deposit 32 ETH (~$ $113,233) to join the network as validators. Many individuals who wish to stake their ETH do so by delegating their…

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