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Decentralization in Bitcoin and Ethereum Networks.
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Decentralization in Bitcoin and Ethereum Networks.
However, there have been few measurement studies on the level of decentralization they achieve in practice. Figure 4 shows the top 20 weekly mining power distribution in the Ethereum and Bitcoin networks. In a fair protocol, miners generate pruned blocks proportional to their mining power; hence, the fairness is close to 1. Note the log scale in the figure above.