Ethereum is More Decentralized Than Bitcoin: Decentralization is central to the safety of a network, and since Bitcoin is a pioneer in this domain, most people believe the currency to own one of the most secure blockchains in the market today. Not nearly. Emin Gun Sirer, Teacher of Computer Sciences at Cornell University, said at the Genesis London Convention earlier this year that "Ethereum (quite clearly) gives a higher-degree of decentralization than Bitcoin."
According to University Study Ethereum is More Decentralized than Bitcoin
By simply using a study conducted at Cornell, it was demonstrated that a fewer number of Ethereum network nodes are linked to third-party organizations as in contrast to Bitcoin. This theoretically means that many Ethereum nodes are governed by independent miners rather than large digital conglomerates or companies.
In relation to the study, Sirer said:
Through a research conducted at Cornell, it was demonstrated that a fewer number of Ethereum network nodes are associated with third-party organizations as compared to Bitcoin. This kind of technology means that a majority of Ethereum nodes are governed by 3rd party miners rather than large digital conglomerates or companies.
An In-Depth View
Ethereum is fundamentally unlike Bitcoin in the sense it can technically deal with a large number of transactions per second.
With technologies like the plasma and Sharding promising to optimize Ethereum, many experts assume that this blockchain service is on the edge of realizing its true monetary potential- generally through a multitude of dApps running on a significant scale.
Read More: Ethereum Above $500 – Is it Rising or is there Another Story?
Sharding will help optimize the token exploration, while Plasma aims to allow external blockchains within the Ethereum network to handle different tasks proficiently thereby eliminating system stress to a sizable degree.
Sirer was also noted as saying that Intel's latest SGX technology can help public blockchains like Bitcoin and Ethereum become more efficient. He added that:
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