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by JeremyBanks 3654 days ago
As someone who hadn't followed closely: the consensus is among miners, right? The network is still PoW, not PoS?

So it's not a consensus based on DAO shares or ETH holdings, which represent the broader community, but rather based on GPU power, representing a small number of groups?
1 comments
onestone 3654 days ago
Yes, a soft fork means consensus (majority) among miners. The developers (of Geth, Parity, cpp-ethereum, etc.) can propose the changes, but it's up to the miners whether to adopt them.

Note that the Ethereum mining community is considerably more decentralized than e.g. Bitcoin.

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mikeyouse 3654 days ago
Unless I'm reading this incorrectly, two mining pools control over 50% of the hash rate:

https://etherchain.org/statistics/miners

2/3 of the hashrate from three pools doesn't seem very decentralized.

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