Five entities command the majority of staked ETH ahead of Ethereum's Merge with the beacon chain.
Ethereum’s shift from proof-of-work to proof-of-stake is set to take place in the coming days afterin early September. The key component of The Merge sees miners no longer used as validators, replaced by stakers that commit ETH to maintain the network.
Three major cryptocurrency exchanges account for nearly 30% of staked ETH, namely Coinbase, Kraken and Binance., the biggest Merge staking provider, accounts for the largest amount of staked ETH with a 31% share, while a fifth unlabelled group of validators holds 23% of staked ETH. “For example, the top 9 addresses hold ~46% of governance power, and a small number of addresses typically dominate proposals. The stakes for proper decentralization are very high for an entity with a potential majority share of staked ETH.”
Given the ongoing slump in cryptocurrency markets, the majority of staked ETH is currently out of profit - down by ~71%. Meanwhile 18% of all staked ETH is held by illiquid stakers that are in-profit.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's How Much Ethereum Validators Will Earn Post-MergePintail, pseudonymous Ethereum (ETH) researcher, calculated average rewards of Ethereum (ETH) validators in its upcoming proof-of-stake (PoS) version
Read more »
Ether Lags Bitcoin As Ethereum Merge Nears. Here is Why?Ether's recent underperformance stems from traders rotating money out of ETH and into bitcoin, as well as caution ahead of the Merge. By godbole17
Read more »
Ethereum (ETH) Price Analysis for September 10Can ETH remain bullish after a few days of sharp rise? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Read more »
Ethereum (ETH) Price Analysis for September 11Can ETH keep rising until the POS merge? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Read more »
30% of Today's Staked Ethereum Is Tied to Lido's Liquid Staking, 8 ETH 2.0 Pools Command $8.1 Billion in Value – Blockchain Bitcoin NewsThe liquid staking project Lido has seen a lot more activity as the value locked in the DeFi protocol increased by more than 13% this week. Ethereum TheMerge
Read more »
Morgan Wallen’s ‘Dangerous’ Breaks Top 10 Longevity Record on Billboard 200 Chart.MorganWallen’s 'Dangerous' breaks the record for the most weeks in the top 10 on the Billboard 200 chart among albums by a singular artist. Chart
Read more »