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“A high standard of privacy and data protection is instrumental in gaining citizens’ trust in this new digital currency,” the European Data Protection Board’s Deputy Chair Irene Loizidou Nicolaidou said in a statement, saying she wanted to “ensure that data protection is embedded early on in the design phase of
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JPMorgan Chase &. Co. has shed light on how the Ethereum network decentralization has decreased significantly since the Merge event and Shanghai upgrade went live. The rise of staking and centralization Since implementing the Merge and Shanghai upgrades, Ethereum has seen a substantial uptick in staking activities. Staking, a process where users lock
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The rise of Ethereum staking since major network upgrades, Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said.JPMorgan’s analysts led by senior managing director Nikolaos Panigirtzoglou issued a new investor note on Oct. 5, warning about the risks
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Still, centralization by any entity or protocol creates risks for Ethereum as a “concentrated number of liquidity providers or node operators could act as a single point of failure or become targets for attacks or collude to create an oligopoly that would promote their own interests at the expense of
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Opposing Centralization in Ethereum Staking Original Source
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The launch comes as staking landscape is dominated by centralized staking providers, which together hold more than 70% of the staked ether (ETH) supply. Source
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Speaking of security, we can’t ignore the stablecoin’s blacklist function. To be clear, other leading stablecoins, such as Circle's USDC and Tether's USDT, use a built-in blacklisting mechanism to combat hackers and criminals from accessing them. Using a blacklist is practically an industry standard. Source
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The centralization of nodes is one of the biggest problems facing the Ethereum network and should be addressed by making the running of nodes cheaper and easier, according to Ethereum co-founder Vitalik Buterin.Currently, the majority of the 5,901 active Ethereum nodes are being run through centralized web providers like Amazon
Read MoreCrypto blockchains are designed to be fully decentralized so that no single person or group has control. However, new data has shown
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum (ETH) co-founder Vitalik Buterin recently lashed out at XRP, and applauded his own community’s stance against regulatory measures. While Buterin admitted to not delving into the intricate specifics of the ongoing situation, he praised Ethereum’s stance
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