Ethereum is the greatest project I have ever seen after Bitcoin. Though Some argued that Ethereum is not fully decentralized. Its developer has the full control over it. Most of the popular coins have this alligation. If you look at the Litecoin. Litecoin foundation has the full control over Litecoin
In a twitter post, Litcoin founder Charlie Lee hints that he may quit to make litecoin more decentralized. But it is not going to happen any time soon
It does not important matter right now for Ethereum because Ethereum is evolving rapidly. Its new version of casper is a revolutionary update.
Transcript of the slide video:
A new version of the code of Casper has been released
Casper is the improvement to the Ethereum network’s economic consensus protocol
It is believed that Casper will change Ethereum forever.
Casper is the POS protocol
Proof of stake replace miners with validators.
The validators will have to lock up some of their coins as stake.
After validating the block, they are rewarded
Casper will reprimand "Nothing at Stake" validators
and will slash their reward
Anyone who acts in a malicious manner will get immediately punished by having their stake slashed off.
What is your opinion on Ethereum Casper Update?
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