Home Cryptocurrency Hetzner lays down anti-cryptocurrency policies prior to Ethereum Merge

Hetzner lays down anti-cryptocurrency policies prior to Ethereum Merge

by Lottar

With the Ethereum ecosystem reaching its final stages for the merger to finally happen, German cloud provider Hetzner has reiterated its stance against conducting mining operations for both proof-of-stake (PoS) and proof-of-work ( PoW) applications, as reported by Cointelegraph.

According to Cointelegraph, Hetzner, a centralized cloud provider, entered into a discussion about managing blockchain nodes and emphasizing its terms of service that prevent customers from using cryptocurrency activity-based services. However, the Ethereum community saw the revelation as a threat to the environment, with Hetzner’s cloud services hosting nearly 16% of Ethereum nodes.

Based on information by Cointelegraph, for cryptocurrencies, reliance on centralized service providers has historically been viewed as a negative in terms of long-term maintenance. Redditor u/Superman- asked questions about the anti-cryptocurrency policies by Hetzner, who also happens to be an Ethereum Mainnet host. “The use of our products for any application related to mining is not permitted. This includes Ethereum,” Hetzner said to clarify doubts about the cryptocurrency-based services. Through a statement, the company said that non-grant leads to running nodes, mining and farming, plotting, storage of blockchain data and mining.

In addition, Cointelegraph noted that based on the latest update from Hetzner, it showed the effect of decisions made by centralized bodies on the development of cryptocurrency ecosystems. Maximum Ethereum ecosystem operates on Amazon.com, which hosts 54% of the total Ethereum nodes. Examples of mainstream cloud providers hosting Ethereum nodes include Oracle Cloud (4.1%), Alibaba (2.8%), and Google Cloud (2.7%). While discussions about Ethereum upgrading have increased, misconceptions about the future of blockchain have also increased. Reduced gas fees and faster transactions are considered to be among the rumours, which have reportedly been confirmed as false. However, the Shanghai upgrade is expected to deliver faster and cheaper transactions.

(With insights from Cointelegraph)

Also read: Block-the-talk; Vijay Pravin Maharanjan of bitsCrunch on the importance of non-custodial wallets in blockchain security

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