Quote from: DBX CRYPTO on Today at 05:10:45 AM

Quote from: zasad@ on July 28, 2021, 09:20:52 PM

Quote from: ivomm on July 26, 2021, 03:28:11 PM

Quote from: tbct_mt2 on July 26, 2021, 02:16:55 PM

Quote from: Daltonik on July 26, 2021, 10:27:45 AM

The number of validators in the Ethereum 2.0 network has exceeded 200,215 currently the betting platform contains 6,406,811 ethereum, or more than $15 billion in value.

The number of validators on ETH network is bigger than what Binance Smart Chain has. Binance Smart Chain is centralized by Binance but Ethereum network is more decentralized. Your screenshot and given stats on that page demonstrate that ETH network is actually decentralized.

If I choose one between Ethereum and Binance Smart Chain, I would choose Ethereum. It has longer history and better decentralization. Transaction fee is not the only thing to consider and assess one project.

I wouldn't say that Ethereum is fully decentralized. Only partially perhaps. There is this developer team with an uknown premined stash, who decides what to do with the bloockchain. This is done without asking the users, including reversing transactions in case they don't like something. This is what happened in 2016, after the DAO accident. Since then the project has been compromised and nobody can state that it is truly decentralized. Now we see a switch from POW, which was the only decentralized element, to a POS, which is like the fiat money. So with time instead of going more decentralized, ethereum is going even less decentralized. It is like a fiat money blockchain, which allows ponzis to be made on top of it, like DAO, Icos, Defi, etc. So everyone investing in ethereum must know, that they are trusting their money to a team that makes all decisions on their own and may split and abandon the project anytime. One of the inventors has already left the project. And finally, nobody knows what is the supply and what it will be after the POS switch. So it is not about bitcoin maximalism as Vitalik is trying to defend his project. This is the truth - that the only fully decentralized blockchain is bitcoin. There is the Core's team of course, who is changing with time but they always ask the community for each change. The users and miners vote and then the change is implemented. And we are talking about small techical soft forks like segwit and tarpoot, which are expanding the decentralization.

I do not agree with you. After the DAO was hacked, a vote was taken and a hard fork was carried out.
Consensus has been reached.
https://blog.ethereum.org/2016/06/24/dao-wars-youre-voice-soft-fork-dilemma/

I understand that a lot of coins were created in the genesis block, but you can't talk about the project if you don't compare it with competitors.
Ethereum is the most decentralized protocol after Bitcoin.

All the same, I think that your opponent is right about something. Decentralization will come to naught. The platform will be operated by whales.

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there are many other decentralized project after bitcoin and eth but still eth is the second most popular and great coin ever invented in crypto history. and yes the whales always control the price of tha coin. but only if that they hold for long term and when ever they want they just sell and bring the price down. competitors means contro lof that whales and its good