Ethereum Validator Performance Metrics Quiz

1. What is the primary function of a validator in the Ethereum network?

• To manage the Ethereum coding language and develop smart contracts.
• To attest to the state of the Ethereum network and contribute to the consensus mechanism.
• To mine new blocks and generate cryptocurrency rewards.
• To collect transaction fees from users directly.

2. What is the minimum amount of ETH required to become a validator?

• 64 ETH
• 32 ETH
• 16 ETH
• 128 ETH

3. What are the two main components of validator performance on Ethereum?

• Consensus Layer (CL) and Execution Layer (EL) rewards.
• Transaction Layer (TL) and Validator Layer (VL) rewards.
• Block Production Layer (BPL) and Reward Layer (RL) rewards.
• Network Layer (NL) and Data Layer (DL) rewards.

4. What is the purpose of attestation in Ethereum?

• To create new ETH coins through mining rewards.
• To validate transactions by miners and add them to the blockchain.
• To include the beacon block root, a source checkpoint, and a target checkpoint in the blockchain.
• To store user data and smart contract code securely.

5. What is the attestation success rate?

• The total number of blocks proposed by the validator.
• The number of transactions processed by the validator.
• The amount of ETH staked by the validator.
• The percentage of attestations successfully submitted by the validator.

6. What does a high attestation success rate indicate?

• Increased network fees and costs for users.
• Decreased participation from other network nodes.
• Consistent performance and contribution to the consensus mechanism.
• Higher likelihood of slashing penalties for validators.

7. What is the attestation inclusion delay?

• The interval between validator rewards being distributed.
• The time it takes for the validator`s attestations to be included in the blockchain.
• The duration for a validator to propose a new block.
• The average time a block takes to confirm in the network.

8. What does a low attestation inclusion delay indicate?

• Increased delays in submission causing blockchain congestion.
• Slow response to validator duties affecting network activity.
• High frequency of missed attestations leading to penalties.
• Prompt processing and submission of attestations, contributing to network responsiveness.

9. What is validator effectiveness?

• An overall measure combining attestation success rate and inclusion delay.
• A specific reward for proposing blocks in the Ethereum network.
• The time taken for a validator to process transactions on the network.
• A measure of how many validators are online at a given time.

10. What does a high validator effectiveness score indicate?

• Reduced transaction speeds and efficiency.
• Increased energy consumption and resource usage.
• Higher likelihood of slashing penalties and rewards loss.
• Consistent fulfillment of responsibilities and contribution to network security.

11. What is the participation rate?

• The total number of validators in the network.
• The average block time in Ethereum.
• The percentage of slots in which the validator actively participates in the consensus process.
• The fees collected by the validator for processing transactions.

12. What does a high participation rate indicate?

• Increased risk of slashing penalties.
• A decrease in validator rewards and performance.
• Consistent online availability and performance of duties.
• Impaired network responsiveness and consensus.

13. What is uptime?

• The percentage of time the validator is online and available.
• The total number of transactions processed.
• The total rewards earned by the validator.
• The number of blocks proposed within a week.

14. What does a high uptime indicate?

• Frequent downtimes and outages in services.
• Low trustworthiness in network performance.
• High risks and vulnerabilities in operations.
• Reliability and consistent contribution to network operations.

15. What are additional performance metrics for validators?

• Node hardware quality
• User sign-ups
• Slashing rate
• Transaction count

16. What does the penalty rate measure?

• The total number of successful block proposals made by the validator.
• The amount of time the validator is online during a specific period.
• The percentage of the validator`s stake that has been penalized due to slashing.
• The average rewards earned by the validator over a month.

17. What does a low penalty rate indicate?

• Minimized penalties and maximized staking rewards.
• Increased risks and lower rewards.
• High frequency of slashing events.
• Overall network instability and poor performance.

18. What is the block proposal success rate?

• 30%
• 95%
• 50%
• 75%

19. What does a high block proposal success rate indicate?

• Higher validator penalties and slashing incidents.
• Accurate following of the consensus protocol and contribution to block production.
• Increased network latency and slower transactions.
• Reduced online availability and validator performance.

20. What is block production latency?

• The duration for validators to finalize a block after its creation.
• The time required for nodes to synchronize with the blockchain.
• The time it takes for the network to confirm a transaction after submission.
• The time it takes for the validator to produce a block after being selected as a proposer.

21. What does a low block production latency indicate?

• Slow response to network demands and decreased efficiency.
• Prompt response to proposer duties and contribution to transaction throughput.
• Increased delays in block production and lower throughput.
• Frequent block proposals with extended waiting times.

22. What is the significance of MEV-Boost in Ethereum?

• It centralizes the block production process, making it less secure for participants.
• Its primary function is to regulate gas prices across the network consistently.
• It largely depends on relay selection and timing strategies, with luck playing a significant role in block proposal selection and timing.
• It solely determines the rewards for validators in the network without any external factors.

23. How do CL rewards differ from EL rewards in terms of allocation?

• CL rewards are exclusively from block proposals, while EL rewards are from attesting.
• CL rewards and EL rewards are equally divided at 50% each.
• CL rewards account for ~85% of the total rewards, while EL rewards account for ~15% in Q3.
• CL rewards are for validators only, while EL rewards are for node operators.

24. What are the primary sources of CL rewards?

• Social media engagement, marketing campaigns, and user adoption.
• Attesting, proposing blocks, and participating in the sync committee.
• Application development, customer support, and community outreach.
• Mining, trading, and staking.

25. What are the primary sources of EL rewards?

• Proposing blocks, with rewards related to the demand for block space and influenced by MEV activities.
• Serving as a node, maintaining the network, and verifying identities.
• Attesting, proposing transactions, and executing contracts.
• Voting on proposals, providing liquidity, and trading assets.

26. How does Figment’s average SRR rate compare to the network median in Q3?

• Figment’s average SRR rate was 4.0%, which exceeded the network median.
• Figment’s average SRR rate was lower than the network median at 2.5%.
• Figment’s average SRR rate was on par with the network median at 3.3%.
• Figment’s average SRR rate was significantly above the network median at 5.0%.

27. What is the significance of participation rate in validator performance?

• It determines the maximum amount of rewards a validator can earn based on their staking amount.
• It indicates the total number of validators in the Ethereum network, reflecting overall participation.
• It shows the average latency in block production times across all validators.
• It measures how often a validator successfully attests when selected, indicating network uptime and validator stability.

28. How did Figment’s participation rate compare to the network average in Q3?

• Figment performed below the network average.
• Figment`s participation rate was equal to the network average.
• Figment had a significantly lower participation rate.
• Figment performed above the network average.

29. What is the impact of slashing on validator performance?

• Slashing increases the rewards a validator receives over time.
• Slashing has a significant negative impact on rewards and can result in penalties.
• Slashing only affects the execution layer but not the consensus layer.
• Slashing has no impact on validator performance at all.

30. How did Figment’s performance regarding slashing events in Q3?

• Figment`s slashing penalties were among the highest in Q3.
• Figment had a high number of slashing penalties in Q3.
• Figment experienced multiple double-sign events in Q3.
• Figment had no slashing penalties in Q3.