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 dominance, thanks to controlling approximately 33% of the total ETH staked on Ethereum’s PoS blockchain, has raised centralization concerns regarding Ethereum’s long-term health and safety.
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