Big Firms Dominate Post-Merge Ethereum Validation

From decrypt.co

Many of the benefits promised by the Ethereum merge have come to pass, including a greater-than-99% reduction in energy use and its carbon footprint. But analysts who had raised the alarm over increased centralization before the transition remain concerned that relatively few entities dominate the proof-of-stake mechanism now underlying the blockchain. "[The] top 7 entities controlling >2/3 of the stake is pretty disappointing to see tbh," tweeted Martin Köppelmann, cofounder of DeFi platform Gnosis. tweet He posted a chart showing Ethereum staking service Lido handling more than 27 percent of stake-based ... (full story)