Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.
The measure generated mixed reactions among its users, especially taking into account an account is essentially a whose purpose is to track the financial activities of a specific asset/ that Hetzner about 10% of the miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. operating in the country. Ethereum.
- Hetzner warns miners of Ethereum a decentralized open-source blockchain with smart contracts functionality. who do not use your platform a place to buy, sell and store cryptocurrency
- The platform brings together 10% of the miners, but AWS gathers more than 50%.
- The service clarified that some cryptocurrencies bring with them operational problems in its network.
The web hosting service used by at least 10% of the nodes in the Ethereum, Hetzner, warned users not to make use of it for cryptocurrency-related activities.
Hetzner prohibits users from using its services for mining activities
This was indicated by the team of Hetzner in a message published through his official account of Twitter, in which he made the peculiar warning and invited those interested to read more information in a forum of Reddit where they develop this idea in more detail.
I know this is off topic, but if there are Hetzner customers who are using Ethereum, they should please read this: https://t.co/Lhlv3KAtUZ -Katie
– Hetzner (@Hetzner_Online) August 26, 2022
“Our products are not allowed to be used for any mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. related applications, even remotely. This includes Ethereum. It includes Proof-of-Stake poS is a type of consensus algorithm that rewards validators according to the amount of crypto they have staked. (PoS), Proof-of-Work poW is a type of consensus algorithm that rewards validators according to the amount of computational power they have expended. (PoW) and related applications… It includes trading… Even if you only run one node, we consider it a violation of our Terms of Service. We are aware that there are many Ethereum users currently on Hetzner, and we have been discussing internally how we can best address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. this issue.”
High concentration of Ethereum en AWS y Hetzner
This whole debate came about because of an observation made by the user of Twitter @maggielove_, who criticized the supposed decentralization the handover of control from a central authority to several different custodians. in the network a network refers to all nodes in the operation of a blockchain at any given moment in time. of the Ethereum The high concentration of mining nodes in various services, highlighting that 52.1% of those currently in operation are operating on Amazon Web Services (AWS) and the next 10% to 15% would be in Hetzner.
While the percentage of operational nodes over Hetzner is not as high as that of AWS, the comparison shows that block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. processing can be subject to certain conditions that do not guarantee the fairness and decentralization sought by the network. Ethereum.
Although Hetzner did not make clear why cryptocurrency-related activities on its network constitute a violation of its usage policies, the announcement generated discontent among users and followers of the topic.
Among some of the comments were that the service does not provide any competitive advantage for mining, so they do not understand the high concentration of miners in Hetzner. They also highlight some criticisms that point to possible arbitrariness, as well as claims that the platform is doing more for decentralization than its main competitor, AWS.
All right. with the environment CryptoBriefing , a representative of Hetzner explained that the ban comes about because some tokens and their operational dynamics cause problems that can compromise the experience of other users. He also indicated that this does not apply to all cases, so if anyone engaging in this type of activity has not received a cease and desist notice, there is nothing to worry about.
For the time being, Ethereum está a pocos días de implementar la esperada actualización denominada The Merge, which will change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. the dynamics for block processing. It is expected to take place in mid-September.
- Binance to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. Ethereum forked tokens post-The Merge
- The Ethereum Merge now has an official date and will start on September 6th.
- The Merge could run afoul of the very decentralization it’s trying to defend in Ethereum’s network, analyst warns
Article by Angel Di Matteo / DiarioBitcoin
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