Ethereum Becomes More Concentrated After Key Operator Drops Out – Bloomberg Law

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
By Olga Kharif
The Ethereum ecosystem — the most important commercial network in crypto, handling billions of dollars worth of tokens — is getting increasingly centralized.
On Sept. 27, blockchain infrastructure provider Blocknative said it will stop operating as a so-called relay, a key participant in adding blocks of transactions to the Ethereum blockchain. Its exit leaves only four other major relay players to handle most Ethereum blocks and raises concern of potential problems, ranging from the censorship of transactions to stealing of other key operators’ profits.
The relay issue comes as Ethereum already faces concentration concerns in other parts of its operations. …
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