Lido, Coinbase, Kraken and Binance stake majority of ETH. Does that matter? •

The Ethereum community is nearing its remaining hours earlier than the Merge, which can transfer one of the vital international blockchains from a proof-of-work (PoW) system of reaching consensus to proof-of-stake (PoS).

The improve to the blockchain has raised considerations within the crypto neighborhood that Ethereum might grow to be much less decentralized — extra centralized — by shifting to PoS from PoW, the latter of which powers the Bitcoin blockchain, for instance.

Issues relating to a rise in centralization attributable to PoS on the Ethereum blockchain post-Merge could have some advantage. The present Ethereum staking market — staking is how Ethereum token (ETH) holders might contribute to the Merge earlier than its execution and the way consensus and new tokens will likely be distributed afterward — isn’t as decentralized as some might imagine.

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