ການລໍຖ້າຍາວ Ethereum Merge into Proof-of-Stake finally occurred in September 2022. However, it was met with a number of problems shortly afterward. Following the Merge, concerns about centralization have emerged among the Ethereum community.
In addition to the concerns about centralization, Ether has also formed forks. Several investors were aware that a proof-of-work (PoW) crypto asset called ETHW was created following The Merge on September 15. The fork was announced weeks before the mainnet launch.
Prior to and after the merge, Ethereum was trading between $1.500 and $1,600. However, that price quickly vanished. According to CoinMarketCap, today, Ethereum is only worth $1382.46. In the last 24 hours ago, ETH is down by 5.60%.
Ethereum’s PoS Merge gives birth to 2 forks
ETHW is not the only ETH-based PoW fork. In fact, there’s another one called Ethereumfair (ETF). The Ethereumfair team has a website and can be found on a few social media channels.
On September 15, ETHW’s hashrate hit an all-time high (ATH) of 80.56 terahash per second (TH/s). Despite this, ETHW’s hashrate has fallen recently, and the PoW network has lost 53.35 percent of its hashing power since then. ETHW is not the only one suffering, as ETF has also dipped 17.6% and is currently at $1.57 per unit against the U.S. dollar.
According to CoinGecko.com data, the price of ETF has fluctuated between $1.48 and $3.50 per unit and $3.43 million in worldwide trade volume over the last three months. ETF’s price hit an all-time high of $20.59 per unit two days ago, then plummeted to its lowest level at $0.99 per coin on the same day
Ethereumfair has also gathered a small percentage of hashrate leftover from The Merge. At the time of writing, Ethereumfair’s hashrate is at 7.9 TH/s, and seven nodes are dedicated to the new network. Compared to ETHW’s hashrate, ETF’s hashpower represents 21% of ETHW’s total hashrate.
Centralization fears mount and gain ground
Mevboost.org has recorded six active relays that have each delivered at least one block. Of these relays, Flashbots dominates with 82.45% of the blocks delivered–this raises alarms for centralization within the community. The active relays in addition to BloXroute are Blocknative, Eden, and BloXroute Regulated.
Some in the crypto community are concerned that Flashbots is a centralized entity that could undermine ຂອງ Ethereum plans to migrate to PoS. The theory is that if the block building infrastructure isn’t rebuilt, it will leave the network vulnerable to attacks. Some have argued that the Flashbots system will eventually become decentralized, like a DAO.
As of September 15, Santiment data showed that two wallets processed 46.15% of Ethereum transactions. Gnosis co-founder Martin Köppelmann said that the two wallets belonged to Lido and Coinbase.
Source: https://www.cryptopolitan.com/ethereum-registers-2-forks-centralization/