Only five pools are in control of Bitcon issuance, while only three take credit for most of the blocks on Ethereum network
U.Today has recently covered the distribution of staked Ethereum on the network and the worrying picture it paints as the biggest holder of the coin on the network may not be as decentralized as it seems at first.The other large portion of staked Ethereum is held by centralized exchanges that hold around 30% if combined. However, Bitcoin maxis that paint the network as more decentralized have their own issues with the dominance of certain mining pools.
According to Van Ness, most blocks on Bitcoin have been mined by only two pools: Antpool and Foundry, which are the two biggest entities on the whole network. Seven hundred sixteen of the last Bitcoin blocks were built by four entities: Antpool, Foundry, F2 and Binance.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prominent Crypto Analyst Has Important Warning About Ethereum.intocryptoverse believes that $ETH will get 'rekt' against Bitcoin as the cryptocurrency is rapidly losing value after Merge
Read more »
Post-Merge Ethereum Hits 2-Month Low, Bitcoin Back Around $18K By Investing.com*ETHEREUM SINKS TO 2-MONTH LOW AS POST-MERGE SLIDE CONTINUES, BITCOIN FALLS TO $18K - BTC BITCOIN ETH
Read more »
Vietnam Crypto Miners Complain About Losses From Ethereum’s Merge – Mining Bitcoin NewsCrypto miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a proof-of-stake mechanism.
Read more »
Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC – Bitcoin NewsThe crypto company Grayscale Investments has declared “distribution of rights to Ethereum Proof of Work Tokens.”
Read more »
Ethereum-Based ‘Cryptoruble’ Token Under Development in Russia – Defi Bitcoin NewsDevelopers are working on a “cryptoruble” meant to improve Russians’ access to global exchanges and be used for cross-border payments.
Read more »
Ethereum's Merge Gave Birth to 2 Forks — Newly Launched Ethereumfair Gathers USD Value and Hashpower – Bitcoin NewsA lot of people are unaware that there’s another Ethereum-based PoW fork called ethereumfair ($ETF) following Ethereum's Merge.
Read more »