True Decentralization of Ethereum Needs Another 10 Years | Crypto Daily Digest Sep. 5
According to data from Ethernodes, there are currently 5,901 active Ethereum nodes, with the majority of them being operated through cloud computing providers like Amazon Web Services. This concentration of nodes within cloud providers creates a central point of vulnerability for the Ethereum network.
Running an Ethereum node is currently a challenging endeavor. It requires significant capital (a minimum of 32 ETH) and demands relatively high-end hardware. Additionally, setting up an Ethereum node necessitates a certain level of technical expertise.
The Ethereum Foundation acknowledges that achieving true decentralization will only be possible when node operators can efficiently run Ethereum nodes on affordable and modest hardware. The ultimate goal is to enable fully verified Ethereum nodes to operate on mobile phones. However, Vitalik Buterin has candidly admitted that addressing these concerns in the near term is unlikely. Achieving genuine decentralization may take a decade or even two.
Today's Market
Headlines
Nima Capital Alleged Dump $SYN tokens 7 Months Before Aggrement Date
TokenWiki: What is ERC-6551: The most important innovation for NFTs after ERC-721
Visa Expands $USDC Settlement Capabilities to Solana
Other News in Case You Missed it:
Crypto Casino Stake Reported Exploit for $40M
"Lido on Solana" Seeks Financial Support from Lido DAO or Faces Shutdown
Singapore Credit Card Issuer DCS Card Center Launch Payment Token DCS
Nima Capital Alleged Dump $SYN tokens 7 Months Before Aggrement Date
Cross-Chain Project Connext Initiates Airdrop of 105 Million $NEXT Tokens, Starting Today
1inch Bought Another 3,076 $ETH for $5M
Circle Launches Native $USDC on Layer2 Networks OP Mainnet and Base
What's New from TokenInsight?
Unravel Bitcoin Spot ETFs: Approval Timeline Prediction. What is Bitcoin Spot ETF? Want to know when and how they will be approved? Here is the answer!
What is Rollbit? Is it worth the hype?Recently, the GambleFi sector has been on the rise, with Rollbit (RLB) standing out as particularly dynamic. This article delve into this project and explore the reasons behind its soaring popularity.
mBTC - A Decentralized Solution for Cross-chain BTC: You may not be familiar with the concept of cross-chain BTC. However, when it comes to wBTC, it is certainly well-known. BitGo launched wBTC in 2019, and now, after 4 years, what are the noteworthy trends in cross-chain BTC? Let's explore together.
Data Guide
How to Download Cryptocurrencies and Exchanges' Historical Data Using TokenInsight For Free?
How to use the TokenInsight API to obtain cryptocurrency rating data?
How to Import TokenInsight Cryptocurrency Data into Google Sheets?
Ethereum
Solana