Two addresses have processed over 45% of Ethereum (ETH) transactions since the blockchain network completed its transition to a proof-of-stake (PoS) consensus mechanism, according to Santiment data.
📊 According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to just two addresses. This heavy dominance by these addresses is something to watch. pic.twitter.com/KQdFNgGloD
— Santiment (@santimentfeed) September 15, 2022
The market intelligence platform’s post-merge inflation dashboard showed that 46.15% of the “nodes for storing data, processing transactions, and adding new blockchain blocks can be attributed to just two addresses.”
According to the data, the first address validated 188 blocks representing 28.97%, while the second validated 105 blocks representing 16.18% of the nodes. The third address validated 54 blocks representing 8.32%.
Santiment stated that the dominance of the two addresses responsible for over 45% of the validated blocks is “something to watch.”
Centralizations concerns
Members of the crypto community have begun to raise concerns about Ethereum’s decentralization based on Santiment’s data.
JPM/Banking complex HAS THE NETWORK (they don’t need Metcalfe’s Law to take effect, they’re already there – think MySpace) and through ETH, are trying to sell the mother of all fake narrative that ETH is a decentralized tech – while having ownership of metamask, quorum, etc.
— EgissonW (@EgissonW) September 15, 2022
Meanwhile, a user criticized Santiment’s comments stating that the addresses are flashbot relays made up of thousands of validators using one relayer. Thus, it’s possible that these addresses are just relayer addresses and not sole validators.
What a lazy article. These are flashbot relay’s. Relays are made up of tens of thousands of people or in other words validators but because its 1…
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