Helio Protocol reinvents the concept of stablecoins with its HAY destablecoin. Its architecture is aimed at eliminating all major risks associated with collateralization and centralized control over s...
Tag: centralization
Cardano (ADA) Founder Dismisses Centralization Accusations
Alex Dovbnya Charles Hoskinson, the founder of Cardano, has rejected accusations of centralization in the cryptocurrency’s governance structure made by Vanessa Harris, a Web3 advisor on Twitter ...
DEX Trading Activity Picks Up Steam as Markets Spurn Centralization
Decentralized exchange trading activity has begun to pick up steam, with some of the DEX sector’s biggest players booking a notable bump in trading volumes this week. Ethereum-based Uniswap was leadin...
Crypto Community Fears Centralization As MicroStrategy’s Bitcoin Holdings Hit 132,500 BTC ⋆ ZyCrypto
Advertisement     A trove of mixed feelings trailed the crypto community as one of its foremost Bitcoin evangelists, Michael Saylor, announced an additional purchase o...
Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot – Coinotizia
Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decisio...
Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot – Exchanges Bitcoin News
Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decisio...
Paxful pulls ether, citing centralization and scams used to steal billions
Paxful is removing ether from its crypto marketplace tomorrow, linking related tokens to scams that have “robbed people of billions.” “Revenue is nice, but integrity trumps all,” CEO Ray Youssef...
FTX NFTs Are MIA: A Lesson on Centralized Risk
FTX customers just can’t get a break. In the latest twist from the crypto exchange’s fallout, NFTs minted on the FTX exchange now show a blank image instead of the original art. Any direct links to an...
Polygon and Solana teams fight over centralization on Twitter
Polygon (MATIC) and Solana (SOL) execs have fought on Twitter. They argued on which protocol is the truly decentralized blockchain with real users. Mert Mumtaz, CEO of Solana-based Helius, posted on T...
Polygon (MATIC) Slammed by Solana Cheerleader for Centralization and Low TPS, Co-founder Responds
Vladislav Sopov Mert Mumtaz, co-founder and CEO of Helius, a Solana infrastructure application, published rage-filled anti-Polygon tirade; Sandeep Nailwal addressed controversy Contents Solana (SOL) i...
FTX fall stresses centralization vs decentralization debate
The implosion of FTX, Sam Bankman-Fried’s Bahama’s-based exchange is, by volume, one of the largest financial frauds in history. But despite it impacting more than one million people and with up to $1...
The FTX case: centralization vs. decentralization in the crypto world
The case of the collapse of FTX, unsurprisingly, shook the crypto world, ranging from operators to users, generating an understandable wave of fear and distrust. The resulting FUD, as was to be expect...
FTX collapse to trigger structural change in crypto markets, away from centralization
The collapse of FTX last week will trigger significant market structure changes, namely moving away from a model of all-in-one platform centralization, crypto trading firm Cumberland said. The v...
Canto Sees Growth but Also Centralization
November 11, 2022, 3:06PM EST • 9 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and brid...
Vitalik Buterin Faces Criticism of Ethereum’s Centralization
Arman Shirinyan Future of Ethereum becoming more questionable as way decisions are made remains unclear Contents Who is battling Vitalik Buterin? Surprising answer Censorship, centralization and contr...
Celsius Network’s bungling showed why centralization can’t protect privacy
In Celsius Network’s recent court filing, the billion-dollar centralized finance (CeFi) platform exposed more than 14,000 pages of customer identity and on-chain transaction data without user consent ...
Ethereum at the center of centralization debate as SEC lays claim
Ethereum went through a key network upgrade on Sept. 15, shifting from its proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The key upgrade is dubbed the Merge. The Merge was slate...
Ethereum Centralization Concerns Resurface As 51% Of Blocks Produced Are OFAC Compliant, Hoskinson Responds
– Advertisement – Following The Merge, centralization concerns have run rampant, and now the Ethereum community has one more reason to be concerned as OFAC-compliant blocks reach a signifi...
Innovative Solutions Boost DeFi Prospects As Frustrated Users Ditch Centralization
– Advertisement – DeFi, standing for decentralized finance, is a market sector that arises from the intersection of blockchain and financial services. While this industry is fairly new, it...
Ethereum co-founder raises concerns over ETH’s centralization post-Merge
After the successful Merge upgrade that transitioned Ethereum (ETH) to the Proof-of-Stake (PoS) protocol, the second-ranked crypto by market cap is projected to grow in terms of value and adoption. Ho...
Ethereum Merge Puts Spotlight On Potential Centralization Issues
The Ethereum Merge has been successfully completed and the network has been operating on a proof of stake mechanism for about a week now. The success of the upgrade has been lauded by many in the comm...
Ethereum registers 2 forks as centralization fears rise. Will ETH PoS survive?
The long-awaited Ethereum Merge into Proof-of-Stake finally occurred in September 2022. However, it was met with a number of problems shortly afterward. Following the Merge, concerns about centralizat...
Centralization Fears Mount as Over 80% of Ethereum Blocks Were Relayed by Flashbots
Data from mevboost.org shows that over 80% of Ethereum relay blocks were built by Flashbolts, raising further centralization concerns within the community. While Ethereum’s transition to the proof-of-...
Ethereum Merge Opens Debate Over Centralization Issues
28 mins ago | 2 mins read Altcoin News Stakeholders who fall into the “other” category control 3.65% of the total. The goal of both crypto and Web3 is decentralization. The Ethereum merge has delivere...
Flashbots build over 82% relay blocks, adding to Ethereum centralization
Following the completion of The Merge upgrade, Ethereum (ETH) transitioned into a proof-of-stake (PoS) consensus mechanism, helping the blockchain become energy efficient and secure. However, mining d...
Effect of ‘The Merge’ on Ethereum Showed Increased Centralization
After the Merge, Ethereum blockchain became more centralized. Coinbase and Lido added more than 40% of the network’s block. Increased Centralization on Ethereum Blockchain Network The most-awaited tra...
45% of Ethereum PoS Nodes Run By Two Addresses, Raising Fresh Centralization Concerns ⋆ ZyCrypto
Advertisement     Recent data suggests that only two addresses run over 45% of all Ethereum PoS nodes after The Merge. The much-anticipated Ethereum Merge is finally h...
Ethereum Already Showing Signs of Increased Centralization
In his thread, Köppelmann mentioned that just seven players own more than two-thirds of the stake on Ethereum’s proof-of-stake network – the key measure of network power under the new miner-free syste...
45% of Ethereum Nodes Post-Merge Run by Only Two Addresses, Posing Centralization Risks
– Advertisement – Is Ethereum Decentralized After Merge? Data from Santiment indicates that over 45% of the Ethereum nodes run so far following The Merge are attributed to only two address...
Bitcoin proponent Samson Mow highlights centralization aspect of the Merge
Samson Mow, a well-known Bitcoin proponent, recently took to social media to talk about the centralization aspects of the upcoming Merge, which he claimed isn’t widely known. Ethereum is in the countd...