24 Aug 23 12:29 am type: related: consensus eth-blocks
proof of stake
- validating nodes stake 32 eth into a deposit contract as collateral against bad behavior
- staked eth is destroyed post provable dishonest activity
- block proposers / validators are randomly selected every 12 seconds
- it bundles txns together, executes them and determines a new “state” of the blockchain
- other validators on propagation, re-execute these txns to ensure they agree with the new changes to the global state
- if a validator hears about two conflicting blocks for the same slot, they pick the one supported by the most staked ETH