Ethereum is a few weeks away from officially moving to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The transition, officially dubbed the Merge, is slated for Sept...
Tag: centralization
Ethereum merge: the ETH 2.0 road to centralization?
Ethereum merge is drawing closer as the developers suggest successfully completing the required steps. The transition will be complete by 15 September, according to the timeframe given by Ethereum dev...
MakerDAO members shoot down proposal for more centralization
In a major win for decentralization, members of MakerDAO, the lending protocol behind the Dai (DAI) stablecoin, have rejected a series of proposals that would have seen the protocol’s governance struc...
Lido community debates limiting staked Ethereum as centralization concerns grow
? Want to work with us? CryptoSlate is hiring for a handful of positions! Lido community members have begun debating whether the staking service provider should limit its share of staked Ethereum beca...
Ethereum Liquid Staking Protocols Spark Centralization, Depegging Concerns
If Ethereum markets were not in a bad enough place already, centralization concerns have been raised regarding liquid staking protocols with the largest one already depegging. Major liquid staking pro...
Will a Proof-of-Stake Ethereum Lead to More Centralization?
Lido, Coinbase, Kraken and Binance, the four largest validator node operators on Ethereum’s PoS Beacon Chain, have amassed a 54% share of all ETH staking activity, according to Nansen. Lido’s dominanc...
Risks and centralization concerns with Ethereum 2
Ethereum 2 is something like four years postponed and will soon hit the market Vitalik Buterin guarantees it’ll send off soon as investors continue with their wait Proof of-work (PoW) will be delibe...
Question of centralization faces growing crypto insurance industry
Cryptocurrency markets have been maturing over the last few years, making demand for crypto insurance solutions larger as more advanced players dip their toes into the nascent ecosystem. Investopedia ...
dYdX faces centralization criticism; DeFi space in a muddle
dYdX is confronting reactions of centralization from the crypto local area over ongoing blockings A couple of clients have been sent messages saying that they have been blocked for jurisdictional reas...
Cardano Founder Takes Aim at Bitcoin Mining Centralization
Alex Dovbnya Cardano founder Charles Hoskinson has highlighted the centralization of Bitcoin mining in a recent tweet Contents A plutocratic system The centralization of Bitcoin mining In a recent twe...
Elon Musk’s Twitter Takeover Won’t Fix Centralization, says BlockTower CIO
Tesla CEO Elon Musk has offered to completely buy out Twitter with a $43 billion offer, in the name of free speech. He’s offering $54.20 per share for all 800,641,166 shares of Twitter’s common stock....
The ApeCoin Tokenomics Voiced Concern About Centralization
According to CoinMarketCap, it had a trading volume of almost $9.2 billion in just 24 hours. The coin offers holders voting power and influence over the Bored Ape DAO, which will use the blockchain to...
ApeCoin Tokenomics Raises Centralization Questions
With the recent launch of ApeCoin ($APE), questions surrounding its tokenomics have surfaced, leading many to question whether this will truly be a decentralized infrastructure. Last week, Yuga Labs a...
Position Exchange: Ending centralization for good!
“Position Exchange is building an entire Ecosystem in DeFi to become the most complete Decentralized Crypto Platform”. If someone planned to buy or sell crypto, their “go-to place” will be an exchange...
Ethereum: Are Coinbase, Kraken party to centralization
Ethereum‘s main chain is expected to merge with its Beacon Chain later this year, effectively turning it into a Proof of Stake protocol. In anticipation of this, users have increasingly been staking t...
Polygon Co-Founder Addresses Centralization and Exit Scam Concerns
Polygon co-founder Mihailo Beljic responded to criticism of centralization in a lengthy Twitter thread. He also said that the team was slowly working its way towards the removal of the multi-sig contr...
The Curse of Cross-chain Bridges: Centralization and Wrapped Tokens Putting Users’ Assets at Risk
Ethereum co-founder Vitalik Buterin sounded alarm last month over the security of cross-chain bridges, most of which are highly vulnerable in the event of 51% attacks. Buterin said in a Reddit post t...
Why it Needs Better Infrastructure to Stop Centralization
Web3: Creeping centralization is going against the goal of blockchain: Decentralization. Infrastructure needs to be more accessible and resilient for everyone. For Ethereum and other blockchain networ...
Most Defi Hacks in 2021 Had to Do With Centralization Issues, According to Certik – Defi Bitcoin News
Certik, a blockchain security and auditing firm, has reported that the most common attack vector for hacks in decentralized finance (defi) protocols had to do with centralization in 2021. This data is...
44 DeFi Hacks in 2021 Were Due to Centralization Issues – CertiK Report
44 DeFi hacks in 2021 were a result of centralization issues, according to a report by blockchain security firm CertiK. The report noted that security was becoming a priority task as DeFi gained even ...
Centralization Caused Most DeFi Hacks of 2021, $1.3B Loss to Users in 2021
The growth of the digital currency ecosystem comes with so many challenges chief of whom is security. Innovative sectors of the industry, particularly decentralized finance (DeFi) have borne more of t...
Centralization issues are the greatest offenders of DeFi attacks
Defi sector lost $1.3B due to exploits in 2021 The blockchain security firm cited 44 DeFi hacks Cetrik’s Blockchain security services’ demand rises Decentralized money, otherwise called DeFi, may not ...