Stuking Ethereum: Coinbase takes power and is worried?

Ethereum progresses at full speed in evidence of bet (POS) and guess who has control over a large part of the network? Coinbase. With $ 11.42 % ETH or nearly $ 6.8 billion, the platform excels as the largest node operator. Good news for stability … Or the beginning of the future monopoly? Decrypting.

Coinbase, this boss

If you have already tried to bet on ETH, you know it is a bit like planting a tree hope that it is growing without much maintenance. But Coinbase, on its role, has a forest: 120,000 validators work day and night to ensure Ethereum. With the degree of participation of 99.75 %, as much as they say these validators do not even enjoy the weekend.

It is no coincidence that Coinbase stands out as the head of node operators. While some stuking protocols are trying to ensure the right availability, Coinbase plays the first class with almost perfect performance.

Not to have a worry that is worried about?

Of course, there is always an elephant (and it’s a mammoth) in the room: centralization. If Coinbase continues this dynamics, Ethereum could see its network controlled by some big players. It is true that Lido remains the first in the overall search, but Coinbase is the largest unique operator. And that makes you think …

On the other hand, the platform seeks to reduce breaking by distributing its validators in several regions, especially Singapore, Germany, Ireland, Japan and Hong Kong. It is not yet perfect decentralization, but that’s already.

Good for Ethereum or not?

From the point of view of the user see actor, such as Coinbase dominating stuking, has good: greater stability, less risk of mowing, easy participation. But to want too much, we risk too controlled the network that is completely against the decentralized spirit of Ethereum.

So, Coinbase, Hero or Naughty of Stuking? The debate is open. It is certain that with such a weight in a scale, the platform could easily affect the future of stuking and Ricochet the price of ETH, which indicates indicators announcing a decline of below $ 1500. It remains to find out whether the Ethereum community will let it go or if it finds a way to equalize forces. Game Na!

Eddy S.

The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and promote an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.

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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.