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Blockchain

There Are 2 Addresses Controlling More Than 45% Of Ethereum Transactions After The Merge

September 16, 2022 - Around 2 mins mins to read
The two addresses have processed more than 45% of Ethereum (ETH) transactions since the blockchain network completed its transition to a proof-of-stake (PoS) consensus, according to Santiment data.
There Are 2 Addresses Controlling More Than 45% Of Ethereum Transactions After The Merge

According to the data, the first address validated 188 blocks accounting for 28.97%, while the second address validated 105 accounting for 16.18%. The third address validated 54 blocks accounting for 8.32%. Santiment considers the dominance of two addresses responsible for more than 45% of validated blocks to be a notable event.

Members of the crypto community have begun to raise concerns about the decentralization of Ethereum based on Santiment data.

Prior to Merge, several industry stakeholders had repeatedly addressed centralization concerns in the space. Five entities that control more than 64% of Ethereum are staking, and three of them are centralized exchanges. The decentralized staking platform alone, Lido (LDO) DAO, controls 31%.

In a separate tweet, Gnosis co-founder Martin Köppelmann revealed that the two wallets belong to Lido and Coinbase.

He further tweeted that the top 7 entities control 2/3 of the ETH staking.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Coinbase

ETH

Lido

PoS

The Merge

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

There Are 2 Addresses Controlling More Than 45% Of Ethereum Transactions After The Merge

The two addresses have processed more than 45% of Ethereum (ETH) transactions since the blockchain network completed its transition to a proof-of-stake (PoS) consensus, according to Santiment data.
There Are 2 Addresses Controlling More Than 45% Of Ethereum Transactions After The Merge

According to the data, the first address validated 188 blocks accounting for 28.97%, while the second address validated 105 accounting for 16.18%. The third address validated 54 blocks accounting for 8.32%. Santiment considers the dominance of two addresses responsible for more than 45% of validated blocks to be a notable event.

Members of the crypto community have begun to raise concerns about the decentralization of Ethereum based on Santiment data.

Prior to Merge, several industry stakeholders had repeatedly addressed centralization concerns in the space. Five entities that control more than 64% of Ethereum are staking, and three of them are centralized exchanges. The decentralized staking platform alone, Lido (LDO) DAO, controls 31%.

In a separate tweet, Gnosis co-founder Martin Köppelmann revealed that the two wallets belong to Lido and Coinbase.

He further tweeted that the top 7 entities control 2/3 of the ETH staking.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News