The Ethereum network is nearing its final hours before the Merge, which will move one of the most important global blockchains from a proof-of-work (PoW) system of achieving consensus to proof-of-stake (PoS).
The upgrade to the blockchain has raised concerns in the crypto community that Ethereum could become less decentralized — more centralized — by moving to PoS from PoW, the latter of which powers the Bitcoin blockchain, for example.
Concerns regarding an increase in centralization due to PoS on the Ethereum blockchain post-Merge may have some merit. The current Ethereum staking market — st
Lido, Coinbase, Kraken and Binance stake majority of ETH. Does that matter?
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