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Mikhail Kalinin - EIP-6110. Deposit reform

Mikhail: https://twitter.com/mkalinin2

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AI summary:
TLDR: The EIP-6110 proposal aims to improve efficiency and security in the Ethereum network by reforming the deposit process and simplifying client processes, ultimately benefiting the community.

00:00 💡 The EIP-6110 proposal aims to improve efficiency in the Ethereum network by replacing the existing bridge with a new design that does not affect the deposit contract or consensus layer logic.
02:38 🌉 The bridge is redundant and insecure, with a design flaw undermining the security of the core protocol.
03:36 🔒 Validators can be induced from unsubmitted deposits and withdrawn illegally, but this is unlikely to happen on the main net, while the Prism client failed to propose blocks due to a bug in deposit caching, highlighting potential bugs caused by the engineering complexity of the bridge mechanism.
06:07 📜 Node operators are facing issues with fetching deposit data, so the proposal is to remove the deposit contract snapshot requirement for non-validating nodes to address the slow delivery of deposits from the execution layer to the consensus layer.
09:35 🔒 The EIP-6110 deposit reform improves Ethereum's core protocol and simplifies client processes, benefiting the community.
11:51 🔍 The EIP-6110 proposal aims to streamline the deposit process for better user experience, but it also introduces potential vulnerabilities and considers the attack VOR unsustainable.
14:06 🔑 Once the transition period is over, EIP-6110 will bring solid design and specification, encouraging implementation by other execution layer clients and offering potential for network security and user experience improvement.
17:20 🔍 EIP-6110 requires deposit snapshots for blockchain data expiration proposals, eliminating the need for historical data and allowing consensus layer clients to fetch deposits for proposing new blocks.

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