EthereumThe move to proof-of-stake with the Merge update has raised expectations that the network will grow, while raising concerns that decentralization has been compromised.
Ethereum Currently, at least 32 ETH stakes are required to become a validator on the network. As the staked amount increases, an advantage is gained in the verification race compared to others.
Speaking to Kitco News, Ethereum co-founder Anthony Di Iorio acknowledged these concerns, saying, “POS doesn’t look perfect right now. It seems that a few strong addresses dominate the Ethereum network.” said.
Drawing attention to the power of large platforms such as cryptocurrency exchanges on the network, Iorio still believes that decentralization will increase in the future.
“I am examining the risks of Proof of Stake leading to centralisation.
I think right now almost 50% of all validation is done by two addresses.
I’m currently dealing with exchanges that have a lot of power and validation. The system doesn’t seem perfect right now, and who knows, there may be bigger risks that weren’t even thought of. “
Acknowledging that the current situation is not compatible with the idea of “more people participating in the management”, which is among the first exit commodities of Ethereum, Iorio stated that the continuation of this situation may change the perspective of businesses and regulators.
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