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Crypto’s New Class of Kingpins

Bloomberg Crypto

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The Risks of Concentration and Centralization on the Ethereum Network

Before the merge, there are literally hundreds of thousands of miners validating the transaction data on the Ethereum network. But after the merge, we're seeing essentially essentialize the entities like Kim and other state-king services providers. This is in contrast to mining Bitcoin, where it's always like these gigantic data centers lit in green.

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