Introduction
Graffiti is the Normies’ Gateway to Heroglyphs! Users can delegate their ETH to the Graffiti Protocol for additional token rewards. Plus, Graffiti offers fast, private, no-logging RPC services.
Why Graffiti?
The migration of Ethereum to a Proof of Stake consensus mechanism, post the Merge in September 2022, has raised significant concerns regarding the potential for gradual centralization within the network.
This transformation has fundamentally reshaped the validation process for transactions and block generation, moving away from the resource-intensive Proof of Work framework to one where validators secure the network by staking Ether. Consequently, this transition has inadvertently led to a concentration of influence within the network, primarily among a few prominent entities. This development has sparked discussions about the implications for Ethereum's commitment to decentralization principles.
The Heroglyphs protocol has proposed a solution to address the centralization and censorship threats facing the Ethereum network by incentivizing independent complete validators (ICVs) through the utilization of Ethereum's proof of stake validation byproducts.
At Graffiti, we believe the future ecosystem will rely on small players, but individuals without technical expertise may be left out. This belief led to the creation of the Graffiti protocol: to enable non-technical users to access Heroglyphs by simply delegating their ETH through the Graffiti protocol.
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