ConsenSys says Ethereum's new staking cap does not hinder decentralization, paving the way for institutional participation

According to a report by Golden Finance, Mallesh Pai, Research Director of ConsenSys, stated that the Ethereum Pectra upgrade "does not pose a threat to decentralization" and only clears up "a lot of complex work that the network is doing behind the scenes". He emphasized that 'rewards continue to be proportional to the amount of ETH pledged', meaning that 'large validators will not gain any further advantage as a result'. This upgrade has raised the staking limit for a single validator from 32 ETH to 2048 ETH, raising concerns about decentralization. Pai pointed out that many technology validators are not truly independent, and upgraded keys can be integrated. "We have seen this happen," and "ideally, the number of validators will decrease to about 30000. The Vice President of Institutional Business at P2P.org stated that the new cap "makes institutional pledging easier to integrate and less risky".