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Source: TheLuWizz
Original title: Fear: Two Addresses Control 40% OF All Ethereum Transactions
Santiment Data shows that after the merger, the two addresses controlled more than 45% of Ethereum transactions.
Ethereum: controlled only by 2 addresses?
According to data from Santiment's blockchain researchers, the two addresses have processed more than 45% of Ethereum transactions since the blockchain network transitioned to the Proof of Stake (PoS) consensus mechanism.
The merged inflation dashboard of the market intelligence platform shows that 46.15% of the nodes that store data, process transactions, and add new blockchain blocks come from two addresses.
According to the data, the first address verified 188 blocks. Equivalent to 28.97%. On the other hand, the second address verified 105, accounting for 16.18% of the nodes. The third address verified 54 blocks, accounting for 8.32%.
Santiment explains that these two addresses are responsible for more than 45% of the verified blocks.
Concerns about centralization
Members of the crypto community are now raising concerns about the decentralization of Ethereum.
However, one user criticized Santiment's comment: "The address will be Flashbot relay, which consists of thousands of validators using a relay layer. Therefore, these addresses may be just relay addresses, not individual validator addresses." Before the merger, some industry players repeatedly raised concerns about centralization in the field. Five companies control over 64% of Ethereum, which is hedged by to . Three of them are centralized exchanges. The decentralized staking platform Lido (LDO) DAO alone controlled 31%.
On another tweet , Gnosis co-founder Martin Köppelmann revealed that the two wallets belong to Lido and Coinbase. According to Köppelmann, the top seven companies control two-thirds of their share. Should the
crypto industry worry? The
node plays an important role in Ethereum's equity mechanism, as people pledge tokens to get the opportunity to generate the next transaction block.
is certain that the dominance of the two wallets in the first few hours after the merger contradicts Ethereum’s decentralized goal. However, whether this alone is enough to conclude that PoS networks are centralized remains to be discussed.
Editor in charge: Kate
