bro the ETH foundation is paying researchers and devs that are responsible for
(i) ethereum not bleeding 5M ETH/year to proof of work (ii) your fees being low today (iii) your txs getting included in < 30s instead of like 1-30 min (eip 1559)
In a new blog post, Ethereum co-founder Vitalik Buterin addressed risks to the layer-1 blockchain due to potential centralization in its proof-of-stake (PoS) consensus mechanism.
In the post dated October 20, Buterin discussed the third of several “Possible futures of the Ethereum protocol,” which he dubbed “The Scourge.” Buterin warned that economic pressures could allow large stakers to dominate the network, increasing the risk of 51% attacks, transaction censorship, and unfair value extractio...