A report from Messari questions the decentralization of some blockchains. If you thought you knew everything about the ecosystem, these statistics reveal some things that not many people knew about Ethereum (ETH) and it could throw everything into question.
Ethereum (ETH), is not as decentralized as it seems!
Ethereum (ETH) is the second largest crypto by market capitalization and one of the best blockchains in the world. If everything seemed to be going well, especially when The Merge was announced, Messari’s statistics update some details. In fact, decentralization is the main asset of cryptocurrencies.
However, Ethereum may not be as decentralized as thought. The report from the crypto alert company says that two-thirds of 65% of Ethereum nodes located in data centers come from three major web service data providers. Currently, OVH, Hetzner, and Amazon Web Services (AWS) host approximately 69% of the nodes and 50% of the Ethereum nodes hosted remotely by AWS.
Because of this, the decentralization of ETH is very risky because, given the large concentration of host nodes, Amazon could change the blockchain. So the question is whether AWS has the ability to shut down applications running on Ethereum.
Solana (SOL) in the same boat as ETH
The Ethereum blockchain is not alone in this situation. Indeed, the report Solana’s static de Messari also shows. SOL uses the same cloud providers as ETH. So, of the 95% of Solana nodes hosted in data centers, AWS, Hetzner and OVH have about 75%.
However, unlike Ethereum which seems to favor Amazon Web Services, Solana’s node operators have set their sights on Hetzner. In fact, 42% of the blockchain nodes are located there.
The publication of the above breaches puts these blockchains in bad shape. Basically, Vitalik Buterin Ethereum founder launched a verbal attack on Ripple. The latter declared that XRP had lost its right to defense without however explaining who should defend it. Don’t worry, Messari’s stats shouldn’t bother blockchain enthusiasts if Ethereum likes this right too.
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The world is changing and adaptation is the best weapon to survive in this turbulent world. As a crypto community manager at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. To share my experience and express an area of interest to me, there is nothing better than writing articles that are informative and entertaining at the same time.