Vitalik Buterin Criticized the PoW System: It's Monopolized!

Vitalik Buterin recently talked about the proof of work (PoW) system used in Ethereum (ETH).

Vitalik Butetirin criticized the PoW system in his response to a user post on April 26. Stating that this system has become quite centralized, Buterin pointed to giant mining pools.

According to the chart shared by Buterik, 33% of PoS mining was managed by Spark Protocol and 21% by Ethermin. This situation was recorded as an indicator of serious monopolization.

Stating that this was not talked about much in the past period because everyone was already preparing for the transition to PoS, the co-founder stated that they avoided ASIC devices in those days:

PoW was also highly centralized. This topic wasn't talked about much because everyone knew that this was just a temporary phase until PoS. And that's not even getting into how we've probably mostly avoided ASICs because the upcoming PoS transition means no incentive to build them.

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