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Crypto Guide

Ethereum (ETH) not so decentralized as we think?

A report by Messari questions the decentralization of some blockchains. If you thought you knew everything about the ecosystem, these statistics update some things that very few people knew about Ethereum (ETH) and it could call everything into question.

messari ethereum

Ethereum (ETH), not so 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 with the announcement of The Merge, Messari’s statistics update some details. Indeed, decentralization is the main asset of cryptocurrencies.

However, it could be that Ethereum is not as decentralized as we assume. The crypto alert company’s report states that two-thirds of 65% of Ethereum nodes located in data centers come from three large web service data providers. Currently, OVH, Hetzner and Amazon Web Services (AWS) host about 69% of the nodes and 50% of the Ethereum nodes hosted remotely are at AWS.

As a result, the decentralization of theETH runs a great risk because, given the large concentration of hosted nodes, Amazon could alter the blockchain. So, the question is whether AWS has the ability to close applications running on Ethereum.

Solana (SOL) in the same bath as ETH

The Ethereum blockchain is not the only one in this situation. Indeed, the report de Messari also shows the statics of Solana. SOL uses the same cloud providers as ETH. Thus, of the 95% of Solana nodes hosted in data centers, about 75% are at AWS, Hetzner and OVH.

However, unlike Ethereum, which seems to have a preference for Amazon Web Services, the Solana node operators have set their sights on Hetzner. Indeed, 42% of the nodes of the blockchain are located there.

The publication of the above outages puts these blockchains in a bad position. Indeed, Vitalik Buterin the founder of Ethereum launched a verbal attack on Ripple. The latter stated that XRP had lost its right to protection, but did not explain who should protect it. Never mind, Messari’s statistics should not affect blockchain enthusiasts if Ethereum also benefits from this right.

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Eddy Senga avatar
Eddy Senga

The world is changing and adaptation is the best weapon to survive in this undulating universe. Crypto community manager at the core, I am interested in everything related directly or indirectly to the blockchain and its derivatives. In order to share my experience and make known a field that I am passionate about, there is nothing better than writing informative and casual articles at the same time.

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