Ever since ETH adopted PoS, things have been going into the wrong direction. The network is as centralized as ever with a few big players controlling a large portion of ETH's supply. On top of that, the vast majority of nodes are running on top of Amazon Web Services (AWS). If developers don't do anything about this, ETH will become as bad as XRP in the future. My biggest concern is not only this, but also Ethereum creator Vitalik Buterin. The project is too tied around him. So if he dies (God forbid) or something bad happens to him, you expect ETH's market prices to go all the way down the drain in an instant. It's likely ETH will become worthless after this.
What do you think? Is the endgame for ETH approaching? Will it be possible for ETH to become decentralized again? Or is it already too late? Your input will be greatly appreciated. Thank you.
What do you think? Is the endgame for ETH approaching? Will it be possible for ETH to become decentralized again? Or is it already too late? Your input will be greatly appreciated. Thank you.
Ethereum is undergoing an important evolution with the transition to Proof of Stake (PoS) for greater scalability and energy efficiency. It is true that big players have influence, but PoS is intended to incentivize decentralized participation.
Concern about Vitalik Buterin's influence is understandable, but Ethereum is a collaborative project with many talented developers. Wider adoption and use of the platform will help reduce individual dependency.
It's important to pay attention to developments and see how the community responds to challenges. Despite uncertainties, Ethereum's opportunities and potential continue to be promising.