💩 Blockchain: The Future or a Utopia?
A few years ago, I would have said without a doubt that it is the future. Today, things are different...
At the dawn of its inception, this technology fully embodied the concept of decentralization and followed #SatoshiNakamoto 's principles of decentralization. Back then, it truly seemed that blockchain was the future.
💩 Answering this question now, I can unequivocally say that today and in the future, blockchain is a utopia.
Why?
Even the largest blockchains, such as #BTC☀ and #ETH🔥🔥🔥🔥 , are too concentrated in a few hands:
💩 For $BTC , just three major pools (Foundry USA and Antpool) control over 50% of the network's total hash rate.
💩 For $ETH , over 40% of the asset is concentrated in the hands of a certain group of validators.
Naturally, with such a distribution, it does not fit the concept of decentralization at all.
