Ethereum’s $278B Achilles’ Heel Exposed: Concerns Over Geth

Overdependence on Geth Software Client Raises Concerns for Ethereum Network

Leading staking service providers such as Coinbase, Lido Finance, and Binance have become pivotal in maintaining the operational integrity of the Ethereum network, valued at approximately $278 billion. However, concerns are mounting as these providers heavily rely on Geth, a single open-source software client for the Ethereum network, which connects nearly 80% of Ethereum validators.