Ethereum co-founder Vitalik Buterin has voiced that the proof-of-work (PoW) consensus, which Ethereum previously operated on, has a considerable doze on centralization. Buterin shared this perspective in a recent post on X. His remark responded to a sentiment that some Etherereum community members are expressing the wish that the network had remained on PoW instead […]
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- Vitalik Buterin revealed that the PoW consensus had centralization issues.
- His revelation responded to the view some ETH members wished the network never transitioned to PoS.
- The concern stems from claims that Ethereum PoS has centralization and balance of power risks.
Ethereum co-founder Vitalik Buterin has voiced that the proof-of-work (PoW) consensus, which Ethereum previously operated on, has a considerable doze on centralization. Buterin shared this perspective in a recent post on X. His remark responded to a sentiment that some Etherereum community members are expressing the wish that the network had remained on PoW instead of transitioning.
Amanda Cassatt, the CEO of Serotonin, sparked the conversation, claiming to observe individuals who wished Ethereum’s transition to proof-of-stake (PoS) had never happened. According to her, the main contributing factors include centralization risks and balance of power. Cassatt noted that Ethereum has more centralized validation and that the PoS consensus removed the initial checks and balances in the ecosystem.
Joining the conversation, Buterin highlighted that PoW “was also quite centralized.” However, a…
The post Ethereum Founder Publicly Admits PoW Had Centralization Issues appeared first on Coin Edition.
