Is Ethereum (ETH) Monopolizing After PoS?: Lido and Coinbase Hold 45% of Verifier Power

After Ethereum’s (ETH) Merge update, about 45% of the validators on the network are controlled by the 2 big companies.

Ethereum network Proof of Work (PoW) system Proof of Stake After the transition to the (PoS) system, the users who have dominance over the network have also changed. Completed as of yesterday Merge The data disclosed after the update is about approx. 45%It turned out that .

Among these companies UK-based decentralized finance (DeFi) platform Lido 30% with confirmatory power first is ranked. on the lido 4 million 157 thousand Ethereum being staked. In the second place 14.45%with a share of US-based cryptocurrency exchange Coinbase is located. If on Coinbase 1 million 986 thousand units There is Ethereum staked. In addition, it is a US-based cryptocurrency exchange. Kraken your total volume 8.30%una and the world’s most popular cryptocurrency exchange Binance if only 6.58%It has a validator share of .

Russian programmer Vitalic Buterine Ethereum created by it seems 30.24% in proportion of the British, 22.75% in proportion USAis under its control. This is despite the fact that Ethereum is the second cryptocurrency with the second highest volume. its decentralized structure It’s actually the same situation though bitcoin It also applies to. Currently, Bitcoin validators 43.58%‘I by 2 big companies being checked. Foundry USA 27.20%While having the denominator of Antpool if 16.38%It has a confirmatory denominator of .

It seems that the two biggest cryptocurrencies of the market have not been able to escape from being under the control of some monopolies, and this may cause serious damage to decentralization with regulations.

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