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5 Nov 2022 18:59:42 UTC
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Why So Centralized - Centralized Node Hosting Jeopardizes Decentralization
The Solana blockchain narrowly averted another network outage as cloud service provider Hetzner turned off 40% of the nodes with the flip of a switch. The issue isn't unique to Solana, and centralized providers host up to 70% of Ethereum's nodes. Cryptocurrency is built on the premise of decentralized participation, but there are strong economic incentives that push many node operators toward centralized hosting solutions. In today's post, we will examine why centralization is so common in an ecosystem that prides itself on being decentralized. #sol #eth #crypto
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Some of the cryptocurrency platforms that I find helpful are listed below. When you join with one of my links, there is no cost or penalty to you, but it does help support my work.
Publish0x – Cryptocurrency blogging site
LBRY – Decentralized video hosting
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If you'd like to get more involved with crypto,consider joining the following platforms that I use. When you sign up with one of my links, there is absolutely no penalty to you, but I do get some support that helps my work.
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