Ethereum update: ETH is getting over run by ASIC and will almost be entirely secured by ASICs come end of October.
Come end of October when block rewards change, all I would assume the majority of GPU that secure the network will go offline. Power costs are much higher than rewards unless you have free power. We will have what was supposed to be an ASIC resististant crypto be almost entirely secured by ASICs because dev’s cant keep their word. Until it switches to POS, there will be a sizable period where decentralisation will be at an all time low.
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: NexusKnights
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