Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

64% of staked ETH funds are under only three crypto platforms

0
(0)
64% of staked ETH funds are under only three crypto platforms 4

A report by Nansen noted that 64% of the 11% ETH circulating supply is under the control of Coinbase-like crypto platforms.

At present, the whole crypto industry is waiting for the “Merge” of the Ethereum blockchain. The developers behind Ethereum blockchain are working to shift the Ethereum blockchain from Proof-of-work to Proof-of-stake Consensus, which is named “TheMerge”. 

Before the Merge, the majority of the crypto exchanges are holding ETH of users under a condition to give better returns to the users against the freezing till the merge will complete.

Recently a crypto analytic platform Nansen highlighted the significant control on the 64% from the 11% of all ETH staked funds is under the control of Lido finance, an unlabelled group of Validators & Coinbase.

64% of staked ETH funds are under only three crypto platforms 2

Nansen’s report raised concerns about the decentralized nature of the Ethereum blockchain network. 

Report stated:

“the top 9 addresses (excl. treasury) hold ~46% of governance power, and a small number of addresses typically dominate proposals. The stakes for proper decentralization are very high for an entity with a potential majority share of staked ETH.”

The report also confirmed that the Community of Lido finance is continuously working to find out the possible solution to reduce the risk of over-centralization. 

ETH Price Action 

The current trade price of ETH is $1,733 and this price is down by around 50% over the one year of the period.

64% of staked ETH funds are under only three crypto platforms 3

Few experts of the crypto industry claimed that the incoming week may bring two different scenarios, in which ETH may pump significantly and on the other side it may plunge badly because of the birth of new coins on the PoS chain.

Read also: Digital Chamber of Commerce slams SEC decision on spot Bitcoin ETFs

64% of staked ETH funds are under only three crypto platforms

 

https://bitcoinik.com/64-of-staked-eth-funds-are-under-only-three-crypto-platforms/feed/

https://bitcoinik.com/64-of-staked-eth-funds-are-under-only-three-crypto-platforms/feed/

 

 

 

 

 

Ads by Cryptonews24

OKX - Moon Trade

Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!

How does it work?

  • Select Trade in the main menu, then select Trading bot.
  • Select a spot trading pair from the Trading bot menu.
  • Select Moon Grid from the listed strategies.
  • Enter the amount you want the bot to trade and click Create.
  • Your bot will then be live.
  • To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.

 

Trade with Moon Grid now
 

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯

 

👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

https://cocacola66.vip/index/login/reg/invite_code/052091

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link
👇🏽

https://cocacola66.vip/index/login/reg/invite_code/052091

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎

----------------------------------------------------------------------------------------------------------------------------------------

TELEGRAM
Cryptonews24 Channel Chat