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Exploring Correlation Patterns in the Ethereum Validator Network

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  • Simon Brown
  • Leonardo Bautista-Gomez

Abstract

There have been several studies into measuring the level of decentralization in Ethereum through applying various indices to indicate the relative dominance of entities in different domains in the ecosystem. However, these indices do not capture any correlation between those different entities, that could potentially make them the subject of external coercion, or covert collusion. We propose an index that measures the relative dominance of entities based on the application of correlation factors. We posit that this approach produces a more nuanced and accurate index of decentralization.

Suggested Citation

  • Simon Brown & Leonardo Bautista-Gomez, 2024. "Exploring Correlation Patterns in the Ethereum Validator Network," Papers 2404.02164, arXiv.org.
    • Handle: RePEc:arx:papers:2404.02164
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    File URL: http://arxiv.org/pdf/2404.02164
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