Ethereum More Decentralized Than Bitcoin According to University Study

Emin Gun Sirer, Professor of Computer Sciences at Cornell University, said at the Genesis London Conference earlier this year that "Ethereum delivers a higher-degree of decentralization than Bitcoin".

Through a study conducted at Cornell, it was demonstrated that a fewer number of Ethereum network nodes are linked to third-party organizations as compared to Bitcoin.

This technically means that a majority of Ethereum nodes are governed by independent miners rather than large digital conglomerates or companies.

"The data shows that the [Ethereum] nodes, both in the latency space as well as geographically are more distributed around the world. Ethereum nodes tend to come from all sorts 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."

Since the release of Ethereum in 2015, misinformation regarding the currency has been circulating often.

Ethereum is fundamentally unlike Bitcoin in the sense that it can technically handle thousands of transactions per second.

With technologies like Plasma and Sharding promising to optimize Ethereum, many experts believe that this blockchain service is on the verge of realizing its true economic potential- primarily through a multitude of dApps running on a massive scale.

Sharding will help optimize the process of token mining, while Plasma aims to allow external blockchains within the Ethereum network to handle different tasks efficiently thereby eliminating system stress to a large degree.

Sirer was also noted as saying that Intel's latest SGX technology can help public blockchains like Bitcoin and Ethereum become more efficient.

Thus, it is essential that technical issues surrounding the Ethereum network are ironed out as soon as possible.