Is Ethereum More Decentralized Post-Merge? Let us Find Out
The Ethereum network switched to the Proof-of-Stake model, ending the proof-of-work mining model. The much-awaited transition happened on September 15, 2022. The blockchain now uses 99.95% less energy than it did previously, ushering in a more environmentally friendly era in the blockchain space. For quite some time, the long-awaited advancement has been in the works. The network was often chastised for its environmental impact. As a result of the merge , this is expected to change. However, the network has been receiving concerns that it has become more centralized . Anthony Di Iorio, a co-founder of Ethereum, recently expressed concern during an interview about the potential for a small number of holders to have control over the ETH network. He stated that he did not currently believe proof-of stake to be a perfect system. Is Ethereum more decentralized post-merge? Post-merge speculation started surfacing about the network becoming more centralized than it was pre-trans...