S&P report raises centralization concerns in Ethereum network
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S&P report highlights Ethereum's centralization risks from largest validators like Lido (33% stake) and Coinbase (15% stake) controlling network
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Ethereum's Nakamoto coefficient, a measure of decentralization, is currently 2, indicating high centralization risk
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Execution client Geth still dominates with 60%+ share, posing centralization concerns, though improved from 80% previously
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Consensus client Prysm also has high 40% market share, raising questions around outages
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Institutional interest from possible ETF may incentivize and expedite further decentralization efforts in Ethereum