Ethereum Execution Client Geth has seen a 5% drop in its share after community members raised concerns over the network’s diversity and fears that its concentration could lead to a “black swan event.”
One Ethereum diversity advocate claimed that Geth’s concentrated use poses a risk because Ethereum validators could lose their staked ETH if it has a critical bug.
Geth Reports Market Share Drop
Geth’s market share of the Ethereum network execution clients reported a drop of 5.2% on the 23rd of January. The market share dropped to 78.8% from 84% the previous day. Geth plays a crucial role in handling Ethereum transactions and executing smart contracts on Ethereum. However, its clear preference over others by Ethereum validators has led to a significant imbalance in execution client diversity on Ethereum, leading to several concerns around centralization.
Several proponents of decentralization, including the founding member of the ETHStaker community, Superphiz, stated in a p
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