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Ethereum News & Updates / Re: Ethereum’s Decentralization in Question with 376 Wallets Holding One-Third of Al
« on: June 02, 2019, 04:25:03 PM »
Cryptocurrency decentralization definitely suffers when the concentration of hash power or the number of coins is concentrated in a very small number of hands, which, if necessary, can collude with the aim of gain. Moreover, Ethereum will switch to PoS mining in the future and it is not clear how this will affect the network if a third of all coins will be placed on only 376 wallets.