Despite the activation of ETH withdrawals post-Shanghai, the validator count continues to increase.
State of the PoS network
A validator on the committee is charged with the duty of producing blocks for each 12-second slot. However, if the assigned validator is unavailable, it will result in a missed block. This, however, soon declined. With only 42 missed blocks recorded on 21 July, missed block count has dropped by 94% since the 13 April high.Further, to ensure that the PoS network runs optimally, there has to be a high degree of participation by Validators on the network., a high participation rate indicates reliable validator node uptime and, thus, fewer missed blocks and superior block space efficiency.
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