Blockchains like Ethereum‘s are often pitched as self-sovereign money networks that operate independently of states, financial institutions, and corporations  but recent research shows this might not be reality.

As it turns out, it’s really centralized cloud services hosting most of the Ethereum network, with 61.6 percent of Ethereum ETH nodes running in the cloud.

Uncomfortably, Amazon Web Services (AWS) indirectly operates nearly 25 percent of all Ethereum nodes, reports cloud services provider Chainstack through data shared with Hard Fork.