US Morgan Stanley, one of the largest investment banks in the world, has argued that many crypto projects are becoming more and more centralized.
Morgan Stanley Oct. 12 He claimed that the cryptocurrency ecosystem is becoming more and more centralized. Bank, on which projects are built decentralized networks Although, as time passed, validators large clusters concentration at certain points or persons. a potential risk He said it has become
In the report, Ethereum (ETH) Proof of Stake (PoS) system, the staked assets acting as validators 65% of hosted in cloud systems and approximately half of these assets Amazon Web Services (AWS) stated to be used. Such projects of some governments or service providers to censor this clustered structure, if desired. risk was underlined.
As the bank develops many projects, it becomes centralized. more dependent but this is not surprising because the financialization of cryptocurrency markets natural It says it’s an evolution.
Company, mdecentralized autonomous organizations Even the so-called DAOs are increasingly interconnected. looks like and to incorporate Decentralized exchange Uniswap has recently had a team of management, advisors and financial boards. foundation that you established drew attention.