That didn't take long. Less than 24 hours after the Ethereum merge, there's evidence that centralization is quickly growing. luo_trista reports
was framed by developers as a way to defeat centralization on the second-largest blockchain network – making it harder for individual entities to tamper with the Ethereum ledger. But early signs of network consolidation have raised concerns that these hopes may not come to pass.
As a result, ETH has flowed to services offered by Coinbase, Lido, and other staking “pools” that allow users to become validators – and earn rewards for doing so – without much of a hassle.
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.
Ethereum activates The Merge as it shifts to proof of stakeThe Merge has officially been triggered, marking Ethereum’s transition from proof of work to proof of stake.
Read more »
Vitalik Buterin says Ethereum merge has completedThe so-called merge of Ethereum has completed, setting the stage for the cryptocurrency to be less harmful to the environment.
Read more »
BREAKING: Ethereum Merge is Complete — Blockchain Now Running on Proof-of-Stake | CoinMarketCap🔥BREAKING: wen merge? Now! Ethereum has officially moved to a Proof-of-Stake blockchain — making miners obsolete and slashing energy consumption by 99.5%.
Read more »
Ethereum Price Flat on Merge Day, Bitcoin Struggles Around $20K (Market Watch)Ethereum Classic jumped more than ETH in the past few hours after the Merge was finally completed.
Read more »
The Ethereum Merge Is Done, Opening a New Era for the Second-Biggest BlockchainThe historic upgrade casts aside the miners who had previously driven the blockchain, with promises of massive environmental benefits.
Read more »