Secret Shared Validators on Ethereum 2.0

Mara Schmiedt
Jun 22, 2020 · 5 min read
(Source: Ethos, 2018)

Third-Party Staking Services on Ethereum 2.0

Today, there are 120,000 Ethereum addresses that hold the minimum 32 ETH required to become a validator on the Ethereum 2.0 chain. Of course, not all of the existing and future ETH holders will have the technical ability or desire to operate their own validator client node(s) and help secure the Ethereum network.

A quick explainer on Secret Sharing and Multi-Party Computation

Before we dive into the benefits of secret shared validators on Ethereum 2.0 let’s have a quick recap on its fundamental mechanisms. Secret computation relies on two core primitives.

  • Level the playing field! Smaller validators with fewer signing policies are likely to behave in a way that is non-correlated to larger providers — this opens up avenues for mutually beneficial collaboration between providers of different sizes and proportional stake by offering secret shared validator services.
  • An implementation of Secret Shared Validator Clients
  • A standard for operating Secret Shared Validators amongst different providers
  • End-user friendly UX/UI to split private keys amongst different providers

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