Now that the Ethereum software upgrade is complete, a small number of ‘builders’ have more power in the cryptoverse.
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(Bloomberg) — The Merge created a new class of blockchain participants, called “builders.” The software upgrade, which refers to the Ethereum blockchain switching to a system called “proof of stake” from “proof of work,” is a significant shift in the current decentralized ecosystem. And now there are a relatively small number of these builders who have a significant amount of power on the blockchain.
What exactly do these builders do? Why are critics so concerned?
Joining this episode are Bloomberg Crypto reporters Olga Kharif and David Pan.
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