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Lido Tests of 'Distributed Validator Technology' Portend 2024 Decentralization Push

A big selling point of blockchain networks is that they are "decentralized." But just a few validators, including those run by Lido, have gradually amassed a lion's share of the power over the dominant smat-contracts blockchain, Ethereum. One idea is to decentralize the validators themselves.

By Sam Kessler|Edited by Bradley Keoun

Updated Mar 9, 2024, 2:16 a.m. Published Dec 20, 2023, 1:00 p.m.

"Validators are single-engine planes. If a validator goes down, it's offline," said Brett Li, head of growth at Obol Labs. (Daniel Eledut/Unsplash, modified by CoinDesk)