Topic: Is ETH decentralized? (Read 647 times)

Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.

Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. The virtual machine's instruction set, in contrast to others like Bitcoin Script, is Turing-complete. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014. The system then went live on 30 July 2015, with 72 million coins minted. This accounts for about 65 percent of the total circulating supply in April 2020[5].[6][non-primary source needed]

In 2016, as a result of the exploitation of a flaw in The DAO project's smart contract software, and subsequent theft of $50 million worth of ether, Ethereum was split into two separate blockchains – the new separate version became Ethereum (ETH) with the theft reversed,[8] and the original chain continued as Ethereum Classic (ETC).

https://en.wikipedia.org/wiki/Ethereum

This really needs to be verified. because the blockchains chain cannot be simply branched out. It is a ledger and the transactions will be recorded therein. I am not too knowledgeable about blockchain technology of Ethereum platform but I have read a lot about general blockchain technology today. so to be more confident the other guy needs to give the link. or he misheard somewhere about this information.

Please, you can stop said BS about ethereum 2.0 and that's not a new kind of crypto. The POS system has exist since a long time ago and there was no reason to call it as a good thing right now.
It's good to be a short term bet.

Regardless of how popular is ethereum, the project is not fully decentralised and isn't popular because of its decentralisation. It became a heaven for scammers and thiefs.
As Vitalic is still maintaining the EVM by interfering, i can say that eth is still under development until the moment announcement from Vitalik that he left the project for real like what satoshi did. Eth is a useful crypto, it won't lose value because of the absence of its ceo. But at the same time, someone should still have that power to fix errors.

Etherum is decentralized and It is free and even easy to access by most newbies, it is easy to create its smart contracts and run it, its even easier to create an etherum wallet.

Ignore vitaliks influence on the project and let's focus on the positives, i see etherum more decentralized than most altcoins

Of course, Ethereum is decentralized. Bcz if no one controls the price of Eth it can be said easly eth is decentralized . so far Eth has been good from in development, ETH 2.0 will be launched soon, and this is a new generation of cryptocurrency. So for to me, it's just a good one to choose .

Yes, Ethereum is decentralized.
It is open-source and enables the creation of smart contracts.

Another fact that any services that are centralized can be decentralized using Ethereum.

Well... Bitcoin doesn't have that one person (or a team) that could have influence on the miners with their statements. Bitcoin forks that you mentioned (BCH and BSV) have influential person but they have nothing to do with Bitcoin.



The price of Ethereum (or any other project) has nothing to do with it being centralized or decentralized. Here is the article describing the difference between centralized and decentralized crypto exchanges. The same concept can be applied to all crypto projects.

Do you still think that the creator of Ethereum is the one controlling the price? That is NO. He can only use his influence on people and perhaps manipulate the minds of investors, only if they agree to it. He cannot outrightly control te price. Ethereum is already a community coin and that is why it is still alive till today, else it would have been a long-forgotten thing or would have totally lost its value.
Had it been it is not decentralized, the total supply can be easily increased, it might be subject to changes in security and people would have lost their coins unknowingly. In fact, you will not have full control on your asset, particularly your private key.

That's not only happening with ethereum. Even bitcoin does it. If you were seeing how there was a lot of dramas before BCH and BSV born. Roger, Jihan, CSW have also become an influential person in the bitcoin community that makes the community got divided.
In a big community and this is a common thing when there was an influential person. Tron community has justin sun too

All he did was show you proof that ETH was anything but decentralized and this example he showed was the exact reason for many years I did not like ETH,,, and even never bought it for anything. It seemed to me just awful that you could reverse blockhain and make immutability worthless. Every transaction you made after the hack was removed, every ETH you mined was also removed.

But I have changed my mind about it in the years that followed. They have proved their ideals, and Vitalik is not such an idiot now.

Of course, Ethereum is decentralized. And Vitaliy has been making changes for 2 years, it is not so easy and not so fast. Friend, I think if you don’t like a coin, just don’t use it. Now there are a lot of coins, there is plenty to choose from. I do not see serious arguments supported by figures. So for me, it's just a personal dislike. And not a cold calculation.

I think if no one controls the price of Ethereum it can be said to be decentralized, but if there is someone who controls the price we need to be suspicious, so far Ethereum has been good from project development, ETH 2.0 will be launched, and that is a new generation of cryptocurrencies.

I didn't get any information from your suggested list. As far I know Ethereum is Decentralize, only limitations is for privacy of transaction. You can track down Ethereum transaction history, Vitalik Buterin didn't it for manipulate the market. Ethereum rollout from DAO, the reason is secure transaction but you have full control on your wallet.

I will say Ethereum is not fully decentralized, because the creator still holds a vast amount or rather controls a good amount of the coin but even at that, it still doesn't limit the potential of the blockchain, of which a good number of persons knows that Ethereum is the best altcoin. Till date, the only blockchain I see as being fully decentralized is the Bitcoin blockchain others aren't because the team will always hold a good amount of the coin which gives them power to do many things.

I never think any other altcoin will lead the top second position because Bitcoin and Ethereum is the two eyes of crypto currency so other altcoin will stay in a below range. I hope it take some to surpass the Ethereum but again it will beat the all the time. Nowadays all are busy to tackle the current situation so Crypto is a perfect platform for all kind of situation.

Something being encrypted doesn't mean it's decentralized. Your account login credentials on Facebook, Instagram, Twitter, or Google are encrypted, but those companies are obviously not decentralized. Both words are literally different lol.

https://en.wikipedia.org/wiki/Decentralization
https://en.wikipedia.org/wiki/Encryption

Lol, there should be no middle ground here, it's either Ethereum is decentralised or not.

If we are talking about mining power, how big is the miners involved here? For me Ethereum is pretty much centralised simply because of Vitalik at the helm because of his influence. His every though on let's say the economics and governance of Ethereum has a huge impact on the project itself.

It was then first to recognize as a decentralized market and it was then changing as the market behaviors change also. To the fact that Vitalik tried to control ETH price, we can't tell anymore that it is still decentralized. Maybe it wasn't Vitalik's urge to have the change but the matter that he announces it, it is clear enough that he was part of the decision and surely there is a reason why it goes like this or they would like to change it as CEX.


I hope you are right but actually, you have something to read about and this possibly will enlighten your understanding towards ETH.

Yes we all know ETH is one of the second decetralized coins in crypto and would be always a top 2 in the market.
Maybe it should be take time to realize to other altcoins to surpass ETH, But it have some altcoins supass ETH in the top two chart but its only short of time.