Independent majority: Why most miners Ethereum fails to vote on p2sh
The recent issue of Reddit has caused a debate among the enthusiasts of Ethereum, pointing out the burning question affecting the integrity of the network. Most miners fail to give their voices in the upcoming upgrade to proof (P2SH), leaving many asking if this surveillance is intentional or simply a lack of consciousness.
P2SH voting process
In an effort to increase scalability and reduce energy consumption, Ethereum 2.0 will move from the proven work (POW) to evidence of role (P2SH). As part of the upgrade procedure, the community will vote on whether to adopt P2SH as a new consensus algorithm.
The vote is kept on a decentralized management platform, with over 700,000 participants contributing to their votes. The outcome of this vote will determine the fate of Ethereum and its future direction.
Why don’t most vote
Despite the importance of this decision, most miners do not vote in support of P2SH. According to the recent Reddit analysis, more than 80% of active miners fails to give their voices, leaving many asking if this surveillance is intentional or simply a lack of consciousness.
There are several theories behind this phenomenon:
* Lack of knowledge : Some miners may not be aware of the importance of voting in adopting P2SH.
* The fear of losing mining awards : miners can hesitate to vote for concerns about their current mineral awards and potential loss if P2SH is adopted.
* Alternative voting mechanisms : Some miners can prefer alternative voting mechanisms, such as putting or verification of validity, which do not require to vote.
Consequences of inactivity
If most miners do not vote in support of P2SH, the consequences could be serious. Without an upgrade, Ethereum scalability and energy efficiency would suffer significantly, which led to:
* Increased transactions compensation : with reduced scalability, miners should charge larger transactions fees.
* Decreased network congestion : Reduced demand from users would lead to increased congestion of the network, slowing down the entire ecosystem.
* Loss of revenue flows : miners who rely on the Ethereum as the flow of revenue can see their income or even disappear if the P2SH is adopted.
Action Call
The community must gather in order to raise awareness of the importance of voting in support of P2SH. By sharing this article and engaging with others, we can encourage miners to take action and exercise their voting rights.
We work together to ensure that Ethereum remains a successful ecosystem in the years to come.