Ethereum’s Existential Threat: Lido’s Dominance and the Future of Decentralization
Danny Ryan, a key figure in the EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. community, recently voiced concerns about the growing influence of protocols like Lido, which now controls almost a third of all staked ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.. Ryan warned that this dominance poses a potential risk to Ethereum’s decentralizationWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... principle and could disrupt consensus mechanisms.
Ryan’s concerns are rooted in the unchecked growth of Lido and similar platforms, which he sees as a systemic threat to EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.. He criticized the community’s apathy towar
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