Ethereum gets a lot of love from the crypto community for being properly decentralized, but has anyone actually taken the time to analyze that network using Ethereum's own topology tools? A Twitter user noticed something quite obvious that maybe none of us have seen before:
"Few will acknowledge that of ETH's ~5000 mainnet nodes, a full 2/3 are hosted, 50% with AWS, 17% of which is in a single data center in Ashburn, VA. As it was said by venerable eth guy "they are a party to your network."
Not to unduly cast stones, I just think there needs to be a bit of "parity" in the decentralization discussion ;) "
I find it highly ironic that other networks (which I won't name) are often scrutinized on Reddit for running in a data center or not being decentralized enough, but when you really look closely at Ethereum, it's really not that much better in this department either. Especially when you factor this plus the LIDO issue, best explained by Laura Shin and co on the Unchained Podcast. Also worth a watch.
Folks, I'm not trying to create more FUD here or even say that Ethereum is a bad product. Ethereum is clearly something great. But please consider these facts next time you put it up on a pedestal as the most decentralized L1.
Correction: * Hosted nodes, not all nodes. The number is still very high, regardless. Thanks all who caught that, I regret the error. The top comment has the clarification below:
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