Samson Mow, a well-known Bitcoin advocate, has recently taken to social media to discuss the centralization aspects of the upcoming merger, which he says are not widely known.
Ethereum is in countdown mode after the completion of the Bellatrix update on September 6 and is all set for the official transition between September 13 and 15, depending on the input hashrate (power of the computers) on the network. The Fusion is programmed to be triggered by a difficulty threshold called Total Terminal Difficulty (TTD) at a value of 58750000000000000000000.
Mow stated that, Although everyone thinks that the Fusion will be triggered by a preset difficulty threshold, there is one aspect that not many people have paid attention to. He said that node operators have the power to override the value of the TTD with a single line of code.
Mow cited a Galaxy blog post highlighting the Fusion’s key centralization issue and claimed that Ethereum has knowingly suppressed this fact.
So how does the MeRgE actually get triggered? I was curious so I did some digging. I thought it may be set with a fixed mechanism or readiness threshold, but no. Someone, probably Vitalik, will just say “go” and then it happens. The complex charade is to mask the centralization. pic.twitter.com/PmxcTMU8J5
— Samson Mow (@Excellion) September 7, 2022
So how is Merge actually activated? I was curious so I did some research. I thought it could be set with a hard mechanism or a readiness threshold, but no. Someone, probably Vitalik, will just say “come on” and then it happens. The complex charade is to mask centralization.
He pointed out that with few nodes that matter, “so those responsible can simply ‘feed in the actual value’ for the activation time whenever they feel like it. The funniest thing is that they then make tracking sites to ‘predict’ when it will happen.”
Cointelegraph reached out to Mow to get his perspective on the upcoming merger and the looming centralization debate surrounding Ethereum’s upcoming transition. Mow told Cointelegraph that with a move to proof-of-stake (PoS), the “centralization aspect of Ethereum would become permanent.”
He added that in a PoS system, the node operators are the sole decision makers, which is clear from the TTD override example. He said:
“If Ethereum supporters really wanted to have something energy efficient, scalable and cheaper, they would be doing R&D on second layer Bitcoin technologies like Lightning and Liquid.”
Ethereum’s transition to a PoS network began as a strategy to solve its scalability issues, but it soon became a case of energy efficiency amid growing scrutiny over the Bitcoin network’s power consumption.. The merger would mark the completion of the second phase of the three-phase transition process, and most of the key benefits, including the lowering of gas rates and the speed of transactions will come with the completion of the third phase.
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