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As someone who hadn't followed closely: the consensus is among miners, right? The network is still PoW, not PoS? So it's not a consensus based on DAO shares or
by JeremyBanks 10y ago
As someone who hadn't followed closely: the consensus is among miners, right? The network is still PoW, not PoS?
So it's not a consensus based on DAO shares or ETH holdings, which represent the broader community, but rather based on GPU power, representing a small number of groups?
- onestone 10y agoYes, a soft fork means consensus (majority) among miners. The developers (of Geth, Parity, cpp-ethereum, etc.) can propose the changes, but it's up to the miners whether to adopt them. Note that the Ethereum mining community is considerably more decentralized than e.g. Bitcoin.
- mikeyouse 10y agoUnless I'm reading this incorrectly, two mining pools control over 50% of the hash rate: https://etherchain.org/statistics/miners https://etherchain.org/statistics/miners 2/3 of the hashrate from three pools doesn't seem very decentralized.