How Ethereum is more decentralized than Bitcoin?
At the Genesis London Blockchain Conference held by Binary District, Cornell professor, crypto-currency expert, and computer scientist Emin Gün Sirer said in an interview that a study done by prestigious university Cornell has shown the Ethereum blockchain network is currently more decentralized than Bitcoin.
Who's operated Ethereum?
A study done by Cornell professor Sirer and researchers at the institution has shown that less Ethereum nodes are linked to institutions or organizations than Bitcoin, which means that more nodes on the Ethereum network are operated by individuals rather than companies.
“Ethereum is geographically more distributed around the world. Ethereum nodes tend to come from all variant of places, smaller networks, and homegrown entities, as opposed to Bitcoin nodes, which tend to be located in data centers. Our study found that the majority of Bitcoin nodes, 56%, are in data centers,” said Sirer.
How Ethereum is different from Bitcoin?
Ethereum is structurally and fundamentally different to Bitcoin because its network is optimized to handle decentralized applications (dapps). The Ethereum network should be able to process thousands of transactions per second in the long-term to support dapps in the size of Facebook or Twitter, as Coinbase co-founder Fred Ehrsam previously noted.