Safety risk for ETH!

Safety risk for ETH!

By xlubecx | free life | 12 Mar 2019


Over 80% of all Ethereum cryptocurrency tokens in circulation are at 7,772 addresses. Delphi Digital said on March 7th.

More specifically, more than 80% of the total amount of ETH is held by addresses that contain more than 1000 ETHs. The number of such addresses is 7572.

Research further reveals that:

6490 addresses have between 1000 and 10,000 ETH
923 has 10,000 to 100,000 ETH
155 has 100,000 to 1,000,000 ETH
Only four have between 1,000,000 and 10,000,000 ETH
At the same time, the same report states that the Ethereum price has fallen by an average of 19 percent over the next 30 days since Ethereum has completed the last 5 hard drives.

 

Recent Constanntinole and St. However, Petersburgh, which took place on February 28, 2019, is still far from average, as the ETH price has since fallen by only one percent (at the time of writing Delphi). The analysis suggests that a reduction in the remuneration for a block from 5 ETH to 3 ETH may also have a share in it.

ETH in decentralized applications
Delphi Digital also reports that since March 3, more than 2.3 million ETH tokens have been present in decentralized financial applications, about 2 percent of the total ETH in circulation.

Most ETHs, located in decentralized financial applications, say up to 98%, are found in MakerDAO's smart contracts, which allow the creation and destruction of decentralized stablecoin Dai (DAI). The second decentralized financial application with the highest number of ETH is Compound, which had since March 3, 28,500 ETH.

Risk in centralized Infura?
The report also talks about the risks faced by Ethereum in the near future. In particular, attention is drawn to the complete centralization of Infura, which is in charge of the development of the infrastructure of ConsenSys focused on Ethereum. Infura allows developers of decentralized applications to deploy their DApps without their own full node. The problem is, according to Delphi Digital, that developers rely mainly on infrastructure that is fully operated by Consensys and hosted on Amazon Web Services, creating a strong centralized point.

Delphi Digital, which has published this study, presents itself as a company dedicated to creating unbiased digital asset content and Distributed Ledger (DLT) technology as well as providing analytical services to institutional clients. The founders of the company include Anthony Pompliano, founder of Morgan Creek Digital Assets.

 

My steemit: https://steemit.com/@istrednepohronie

My steemit for travel: https://steemit.com/@cryptowithlubos

How do you rate this article?


0

0

xlubecx
xlubecx

i am cryptocurrency trader


free life
free life

free life

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.