CandleFocus Biggest Attack on Ethereum (ETH) Decentralization Gone?
2024-10-08
Author: Content Editor
The article discusses concerns about the decentralization of Ethereum due to the increasing market share of Lido Finance in Ethereum staking. Lido, a staking protocol, had accumulated a significant amount of Ethereum, accounting for nearly one-third of all ETH staked. This raised worries about Ethereum's credible neutrality and the potential for Lido to have undue influence over the network. However, the proportion of Ethereum staked via Lido has recently decreased to about 27.97%, indicating a move towards a more decentralized structure. The article also mentions that Ethereum is currently trading around $2,400, and its price performance has faced resistance in breaking above $2,500. Despite these challenges, the article suggests that Ethereum's composition and new developments may make it a stronger asset in the future.
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