Coinbase has since climbed into the largest node operator in the Ethereum network. The stock market platform manages 11.42% of the total amount of Staked Ethereum, with validators who can consult a uptime of 99.75%. That is how Coinbase does better than the averages of the network.
What does this mean for Ethereum?
In theory it is not entirely something that fits with the original ideas behind the technology. Bitcoin and Ethereum are, after all, conceived as decentralized networks that should not lean on a centralized ruler.
Although it is exaggerated to speak of a stake of 11.42%, it is a significant percentage. On the other hand, you could put the same about Bitcoin mining pools, where a small group also has a huge percentage.
Fortunately, these entities do not play an all -determining role in the network. For example, they cannot implement transactions that do not comply with the rules. It is, however, possible to stop certain transactions, and therefore to commit censorship.
Coinbase is doing better than average
It is striking that the nodes of Coinbase perform better than the averages we see in the Ethereum network. Although you could expect that too, because Coinbase is a professional party that should in theory the affairs in order.
Coinbase and Ethereum is a good combination anyway, because the stock market platform also launched Base. That is a blockchain that functions as a second layer for the main blockchain of Ethereum, and thus contributes to the transfer speed of the network.
Transactions on base do not initially take place on the main blockchain of Ethereum, which is spared it. You can see that a bit as a wiebalent, where Base follows all mutual transactions for a while, and after a while you can decide to “pay” on the main blockchain of Ethereum.
In this way, not every transaction has to take place on the main blockchain, and you save space and transaction costs.
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Source: https://newsbit.nl/coinbase-is-ethereums-grootste-netwerk-node-met-11-stake/
