Ethereum merge: the ETH 2.0 road to centralization?
Ethereum is all set to go for a transition to Proof of Stake.
Ethereum merge will impact the system, giving rise to new stakeholders, ‘builders.’
These builders will change the power structure as they come to the fore.
Ethereum management said they are monitoring the situation and will take the required actions to prevent centralization.
Ethereum merge is drawing closer as the developers suggest successfully completing the required steps. The transition will be complete by 15 September, according to the timeframe given by Ethereum developers. As the transition is complete, Ethereum will shift from Proof of Work to Proof of Stake consensus. Every change comes with possible repercussions, and the case is no different for Ethereum.
As Ethereum experiences a transition from Proof of Work to Proof of Stake, its stakeholders might see a change in their power. The said changes will mainly affect miners who ensure the system’s smooth flow through mining. They will be replaced by those who work on staking. Analysts suggest that these changes will bring Ethereum to centralization, strengthening the control of the few. There is no certainty, but the possibility of it can’t be shrugged off.
Ethereum is all set to go for a transition to Proof of Stake.
Ethereum merge will impact the system, giving rise to new stakeholders, ‘builders.’
These builders will change the power structure as they come to the fore.
Ethereum management said they are monitoring the situation and will take the required actions to prevent centralization.
Ethereum merge is drawing closer as the developers suggest successfully completing the required steps. The transition will be complete by 15 September, according to the timeframe given by Ethereum developers. As the transition is complete, Ethereum will shift from Proof of Work to Proof of Stake consensus. Every change comes with possible repercussions, and the case is no different for Ethereum.
As Ethereum experiences a transition from Proof of Work to Proof of Stake, its stakeholders might see a change in their power. The said changes will mainly affect miners who ensure the system’s smooth flow through mining. They will be replaced by those who work on staking. Analysts suggest that these changes will bring Ethereum to centralization, strengthening the control of the few. There is no certainty, but the possibility of it can’t be shrugged off.
