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Home»Web 3»The risks of centralized services in decentralized projects
Web 3

The risks of centralized services in decentralized projects

2023-06-15No Comments1 Min Read
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However, the dependency on AWS is concerning.

While Ethereum itself is a Layer-1 blockchain network (and therefore fully decentralized), most of the nodes it runs on rely on AWS when we look down.

The good news is that some node operators recognize this; and over time, fewer and fewer Ethereum nodes use AWS for their cloud hosting service.

The ultimate solution would be for node operators to move to a decentralized protocol such as Internet Computer (ICP – which we covered extensively in a recent edition of Over The Shoulder).

But until then, let’s hope for more steps away from AWS and fewer outages.

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See also  International Financial Action Task Force (FATF) insists on worldwide action on crypto risks
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