4 ms·
Can someone explain what this means to us not in the loop?
by ChrisRR 4y ago
Can someone explain what this means to us not in the loop?
- BitwiseFool 4y agoWhen it comes to blockchains, it is considered good to have the "work" be spread across a wide number of parties. The goal is to have decentralized consensus. If any one entity, or a small number of entities, gain a significant share of either the mining hash-rate, or the staking pools, then there is a possibility of something called a 51% attack. While the two institutions from the tweet are unlikely to perform such an attack, their significant share of ETH raises questions about how decentralized the platform truly is. One such question that arises is, can the US Government impose restrictions on these pools so that transactions involving sanctioned addresses are not included?
- RunSet 4y agoRich get richer.
- charcircuit 4y agoThe people staking get richer at the same rate on average as everyone else staking.
- verdverm 4y agoIt takes $50k to start staking, not so friendly to anyone but the rich at there get go
- charcircuit 4y agoYou can join a staking pool if you don't have enough.