3 cloud providers accounting for over two-thirds of Ethereum nodes
Data shows that over 50 percent of Ethereum nodes are geographically concentrated in the US and Germany
By Shashank Bhardwaj
A recent study showed that 65 percent of Ethereum nodes are housed in centralised data centres. According to the study, two-thirds of them come from three major data providers of web services. The study further revealed that centralised web providers control the vast majority of the 4,653 active Ethereum nodes. This can expose Ethereum to central points of failure. The results of the study were revealed on Monday through a tweet.
The tweet read, "Crypto needs to decentralize. Three major cloud providers are responsible for 69% of the 65% of @Ethereum nodes hosted in data centers. Of the estimated 95% of @Solana nodes hosted in data centers, 72% are hosted with the same cloud providers as @Ethereum."
AWS accounts for hosting 3 percent of Solana nodes. This list of web hosts, however, is not exhaustive. Web hosting services on Ethereum are also provided by centralised companies such as Oracle, Alibaba, and Google. These companies host 4.1 per cent, 3.9 percent and 3.5 percent of Ethernodes, respectively.
Government intervention from one of these two countries is thought to have a significant impact on Ethereum's decentralisation at the node level. Therefore, it is high time to take the necessary precautions to safeguard Ethereum's decentralised nature.
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Indian companies storm the metaverse and NFT spaceRead More..
Coinbase is producing a movie trilogy on Bored Ape NFTsRead More..
Multiple Indian Twitter accounts hacked, NFT content postedRead More..
German police shut down $1.3 billion illegal darknet firmRead More..
Meta tests sale of virtual goods in metaverseRead More..
Bitcoin 2022 Conference: Bitcoin Maximalists attack national currenciesRead More..
Binance Gets In-Principle Approval to Operate as Crypto Broker in Abu DhabiRead More..
EU limits Russians' crypto investments to 10k EurosRead More..
Coinbase suspends UPI payments in India three days after launchRead More..
From KFC to Tesla, Dell: Crypto-curious corporations struggle to find right recipeRead More..
In Texas, crypto miners turn to solar powerRead More..
South Africa concludes technical Proof-of-Concept for its CBDC settlement systemRead More..
Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
Meta working on virtual money 'Zuck Bucks': reportRead More..
Germany closes Russian darknet marketplace HydraRead More..
Britain paves way to accept stablecoinRead More..
Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
ECB's Lagarde 'concerned' about crypto use to dodge Russia sanctionsRead More..
Crypto provides fix for some in crisis-hit AfghanistanRead More..
Bitcoin to the rescue: Cryptocurrencies' role in UkraineRead More..
Digital art in spotlight as Dubai makes crypto hub bidRead More..
G7 looks to thwart cryptoassets use as Russian sanctions dodgeRead More..
Can cryptocurrencies give Russia, others breather from economic sanctions?Read More..
Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..