Concerns Rise Over Coinbase's Dominance in Ethereum Staking

Concerns Rise Over Coinbase's Dominance in Ethereum Staking.jpg

Coinbase has emerged as the largest node operator in the Ethereum network, controlling over 11% of staked Ether (ETH). This dominance has raised alarms among industry experts regarding potential overcentralization and its implications for the network's decentralization ethos as institutional adoption of cryptocurrencies grows.

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