以太坊的pectra升級不會對權力下放構成威脅

據區塊鏈軟件公司Consensys高級研究總監Mallesh Pai稱，該更新將其清理為幕後的“忙碌工作”

Pectra, Ethereum’s most extensive network upgrade since the Merge took place in September 2022, allows validators to stake as much as 2,048 ETH, up from the previous limit of 32 ETH. The new standard has brought up community concerns about the risks of centralization on the network.

以太坊自2022年9月合併以來，以太坊最廣泛的網絡升級Pectra允許驗證者持有高達2,048的ETH，高於先前的32 eth限制。新標準引起了社區對網絡集中化風險的擔憂。

However, according to Mallesh Pai, senior research director at blockchain software firm Consensys, Pectra is cleaning up the backend "busy work" currently handled by validators and doesn't pose a threat to decentralization.

但是，根據區塊鏈軟件公司Consensys高級研究總監Mallesh Pai的說法，Pectra正在清理當前由驗證者處理的後端“忙碌工作”，並且不會對分散化構成威脅。

During a May 9 Cointelegraph X Space, Pai said a validator’s chances of proposing a block or earning rewards remain tied to how much ETH they hold, and that larger validators don't gain any new advantages under the upgrade:

在5月9日的Cointelegraph X空間中，PAI說，有驗證者提出塊或賺取獎勵的機會仍然與他們持有的ETH持有數量有關，並且較大的驗證者在升級下沒有獲得任何新優勢：

"The way that the economics of the protocol work out, if you have more ETH, you'll get more chances to propose a block and earn rewards. That's how the protocol is defined and designed to work."

“協議的經濟學運作方式，如果您有更多的ETH，您將獲得更多的機會提出一個塊並獲得獎勵。這就是協議的定義和設計用於工作的方式。”

Pectra is also rolling out a total gas limit lower than the usual 10 million gas limit, Pai noted, adding that this will lower gas fees for users.

Pai指出，Pectra還將推出總的氣體限額低於通常的1000萬天然氣限制，並補充說，這將降低用戶的汽油費。

"We're trying to get to about 30,000 validators, but right now we have about a million technical validators, but many of them aren't distinct. For example, a large validator might have 10 or 20 keys on a single physical machine. But with Pectra, we're seeing those keys get consolidated to about 30,000 validators in the best case."

“我們正在嘗試獲取約30,000個驗證器，但是現在我們有大約一百萬個技術驗證器，但是其中許多並沒有區別。

Pai explained that Pectra has taken "a bunch of busy work that the network was doing behind the scenes and removed it."

Pai解釋說，Pectra採取了“網絡在幕後做的一堆繁忙的工作並將其刪除。”

"For example, there used to be a block proposer who was randomly selected by the chain to propose a block, but now that role is given to the validator who has the highest balance at the time. So the busy work of randomly selecting a block proposer is no longer needed."

“例如，曾經有一個由鏈條隨機選擇的塊提議者來提出一個塊，但是現在該角色已賦予當時具有最高餘額的驗證者。因此，不再需要隨機選擇塊提議者的忙碌工作。”

According to Pai, this consolidation will reduce auxiliary work and enable network stakeholders to focus on what matters, such as lowering gas limits.

根據PAI的說法，這種合併將減少輔助工作，並使網絡利益相關者能夠專注於重要的事情，例如降低氣體限制。

"We're also seeing that the total gas limit is lower than usual, usually 10 million gas, but with Pectra it's lower, which will lower gas fees for users."

“我們還看到，總的氣體限制低於平常，通常是1000萬天氣，但是pectra較低，這將降低用戶的汽油費。”

New Pectra staking limit paves the way for institutions

新的pectra Staging Limit鋪平​​了機構的道路

The new limit could pave the way for institutions to stake ETH, according to Artemiy Parshakov, vice president of institutions at Ethereum staking service P2P.org.

Ethemiy Parshakov表示，新的限制可能為機構提供利用ETH的道路鋪平道路。

"EIP-7002 makes institutional staking much easier to integrate without taking too much risk. For example, if an institution wants to stake 10,000 ETH, they can set up 32 validators themselves, but the process is complicated and they might encounter difficulties. But if the limit is raised to 2,048 ETH, they can simply create a few validators to manage the funds."

“ EIP-7002使機構的存放更容易整合而不承擔過多的風險。例如，如果機構想持有10,000 ETH，他們可以自己設置32個驗證器，但是該過程很複雜，並且可能會遇到困難。但是，如果限制會提高到2,048 ETH，則可以簡單地創建一些驗證者來管理Funds。””

Ether staking within exchange-traded funds has been a hot topic in 2025. BlackRock has said that the successful Ether ETFs are less perfect without staking, and multiple financial institutions have filed for amendments to their Ether ETFs to allow for staking.

在交易所交易的資金中以太幣的積分一直是2025年的熱門話題。黑石曾表示，成功的Ether ETF在沒有State的情況下就不那麼完美了，並且多家金融機構已向其Ether ETF申請了修正，以允許靜止。

If approved, investors might be more inclined to buy into the ETFs, as they could receive yield. The SEC has yet to rule on staking amendments.

如果獲得批准，投資者可能會更傾向於購買ETF，因為他們可能會獲得收益。美國證券交易委員會尚未裁定進行製定修正案。

According to Bloomberg ETF analyst Eric Balchunas, if staking were to be approved for Ether ETFs, it would have “a little impact” on inflows.

根據彭博ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）的說法，如果要批准放入Ether ETF，它將對流入有“一點影響”。

"The bigger problem with Ethereum is performance, it just doesn't ever go on a nice long rally," Balchunas recently forecasted in a podcast interview.

“以太坊的更大問題是性能，它永遠不會進行漫長的集會，”巴爾庫納斯最近在播客採訪中預測。