Leading professors of the Cornell University Emmin Pin Searer and Robbert van Reness , as well as LinkedIn resource researcher Adam Ef Genser prepared for public discussion the report “Decentralization of Bitcoin and Ether”, where they revealed their points of view on the basis of a detailed study of the characteristics of the system.
The main conclusion of the review is that bitcoin lags behind in the decentralized management , compared to the second leader of the crypto-currency market by the etherium .
The struggle for decentralization continues
The second number, in the list kriptovalyut, like no other has the best indicators of decentralization.
Bitcoin is characterized by a tendency to “enlarge” in the information processing centers, while the opponent has a smaller indicator of finding such processing nodes.
“Mass nodes and processing channels for bitcoin are concentrated in the main centers of the database, where the level reaches 56%, while the ETH shows no more than 28% . A high percentage for bitcoin indicates an increased corporateization of transactions, which can not be said about the airwaves, says the “Report”
At first, most experts and developers e thereum indicated that the coin would show a high level of control.
In practice, it turned out to be quite different.
Miners help resolve issues
The professors carried out analysis related to the cryptonymet mining, where an interesting regularity was also revealed.
Mr. Sierer in his report drew attention to the fact that computers and equipment for tokens use a powerful centralization scheme that moves the entire management process to pools and mining centers, the latter giving great opportunities to monitor operating hashes.
“And these capacities are controlled by 20 largest pool centers around the globe. The evidence is obvious, so more research is needed to create new conflict-free consensus protocols, which will also be energy efficient, “Mr. Sierer concluded.
On the other hand, there are compelling reasons to refute excessive centralization. Individual miners direct their power to pools on both networks.
The presence of the largest mining centers is not an obstacle for miners, despite the accountability of most of the pools.
Experiments will be continued
Etherium developers repeatedly stated that the open ETH code has an experimental approach, compared to the same source code in bitcoin.
Ethereum is looking for steps to solve problems, is conducting bold experiments to introduce innovative technologies, while bitcoin is cautious about upgrading existing computing systems.
The philosophy of two different cryptonyms has led to the emergence of various ways to solve emerging problems.
So BTC cooperates with Lightning, where the technology of passing microtransactions is actively introduced, and ETH switched to ZK-SNARKs, Plasma, and also to Sharding and Casper.