I don't understand why Bitcoin is more decentralized than Ethereum even though you operate a full node with both.
To create the blocks:
Bitcoin PoW = miners
Ethereum PoS = Validator
With Bitcoin/Ethereum Full Node you can verify the blocks from the miners/validators.
So the only point why Bitcoin is more decentralized than Ethereum is:
The Bitcoin Full Node is cheaper than the Ethereum Full Node ?
Or is it the case with Ethereum that you cannot verify the blocks as a full node but only as a validator?
So:
As my understanding goes Bitcoin is more decentralized, the reason being:
- Bitcoin has a more extended history
- Large number of nodes & miners
- Bitcoin ecosystem being resilient against centralization
While Ethereum Governance is questionable?