Quote from: Minecache on September 14, 2022, 02:25:15 AM

But how is Ethereum able to remain decentralized when it is fully moved to the Pos network? I like the idea that ethereum might move to POS , as this could be a first step towards expanding further and reducing gas fees when other updates are rolled out in the near future. But what I'm still a bit worried about is that it will become more centralized than the decentralized network it used to be. What are the ethereum developers planning in this regard?

Ethereum sacrificed its decentralization in favor of high transaction throughput and cost-efficiency. While the PoS upgrade did nothing regarding the scalability of the Blockchain, it has made the network 99.9% energy efficient. Subsequent upgrades will address the network's scaling issues, putting high gas fees and slow TX confirmation times to rest. With big exchanges controlling most of ETH's supply, the future of the project doesn't seem as bright as we thought it would be. There will be high levels of centralization, effectively making ETH another banking system empowered by the wealthy.

Most recently, the SEC began discussing the possibility of treating PoS cryptocurrencies as securities. If that happens, then ETH would be nothing but doomed. At least, it was fun while it lasted. I don't think forks will be any successful (except ETC) simply because they have no substance to them. Who knows what the future holds for the Ethereum ecosystem? Just my opinion