While the reduced reliance on Geth is good news, “we can’t declare victory yet,” says Lachlan Feeney, founder and CEO of Ethereum infrastructure firm Labrys.
The market share of Geth — a major Ethereum execution client — has fallen from a high of 84% in late January to 66% following Coinbase’s recent move to switch around half of its validators to Nethermind, though one commentator says that the fight for decentralization is far from over.
The reduced reliance on Geth helps to address a long-feared centralization risk for Ethereum, with concerns a critical bug in an execution client with a 66% or more share could stop the chain from finalizing. One commentator however, warns that the industry shouldn't decalre victory just yet though.
On March 22, Coinbase Cloud revealed that “roughly 50%” of its validators switched to Nethermind, which helped bump the execution client’s share up to 22%, according to Client Diversity.
