Coinbase鞏固了其作為最大的以太坊驗證器的地位，控制了總固定ETH的11.42％

Coinbase鞏固了其作為最大個人以太坊驗證器的地位，控制了總固定ETH的11.42％。該公司現在經營120,000個驗證者

Coinbase has emerged as the largest individual Ethereum validator, now controlling 11.42% of the total staked ETH.

Coinbase已成為最大的個人以太坊驗證器，現在控制著總固定ETH的11.42％。

The company’s latest report on Thursday showed it’s running 120,000 validators and manages around 3.84 million staked Ethereum tokens.

該公司週四的最新報告顯示，它正在運行120,000個驗證者，並管理約384萬個固定以太坊令牌。

Coinbase’s Structure for Validator Performance and Security

Coinbase的驗證績效和安全性結構

The figures in the Ethereum Validator Performance Report from Coinbase show operational metrics with a 99.75% participant rate and maximum uptime. Security is a top priority at Coinbase, as the company had no errors when signing transactions or conducting slashing incidents. Through its asset protection system, Coinbase keeps users’ funds safe from potential penalties.

Coinbase的以太坊驗證績效報告中的數字顯示，參與者率為99.75％的運行指標和最高正常運行時間。安全是Coinbase的重中之重，因為該公司在簽署交易或進行削減事件時沒有錯誤。通過其資產保護系統，Coinbase可確保用戶的資金免受潛在罰款。

Coinbase mitigates risks by deploying its validators in different geographical locations connected to AWS and GCP cloud providers. This implementation method increases network reliability while decreasing service interruptions. The company also establishes multiple execution and consensus clients to prevent single points of failure throughout the system.

Coinbase通過將其驗證器部署在與AWS和GCP雲提供商相關的不同地理位置中來減輕風險。這種實現方法可提高網絡可靠性，同時減少服務中斷。該公司還建立了多個執行和共識客戶端，以防止整個系統中的單個故障點。

Those who stake their ETH must consider security issues, which can lead to slashing penalties that reduce a node operator’s stakeholding rewards. At Coinbase, the strategies to prevent penalties result in somewhat reduced returns, but they help ensure penalty avoidance, thus matching the security standards of other exchanges. The security and stability benefits achieved through its approach are favorable for participants who stake with the platform.

那些利用其ETH的人必須考慮安全問題，這可能導致削減節點運營商的利益獎勵的罰款。在Coinbase，防止罰款的策略導致回報有所減少，但它們有助於確保避免罰款，從而與其他交易所的安全標準相匹配。通過其方法獲得的安全性和穩定性優勢對在平台中持有的參與者有利。

Coinbase’s growing Ethereum staked assets threaten to diminish the network’s decentralization characteristics. Among all staking providers, Coinbase leads with 11.42% of total staked ETH, making it the largest individual validator in the Ethereum network. Despite its transparent nature, the platform expands its control over Ethereum governance operations.

Coinbase不斷增長的以太坊儲存資產有可能降低網絡的權力下放特徵。在所有Staking提供商中，Coinbase的領先地位佔總固定的ETH的11.42％，使其成為以太坊網絡中最大的個體驗證器。儘管其性質透明，但該平台仍擴大了對以太坊治理操作的控制。

Some community members express concern over network security implications arising from centralized systems. A single entity holding a significant portion of stake augments the network’s security risks. Multiple stakeholders believe Ethereum should distribute its validation procedures further to maintain its decentralized structure.

一些社區成員對集中式系統產生的網絡安全影響表示關注。一個持有大部分股份的單一實體增加了網絡的安全風險。多個利益相關者認為以太坊應進一步分發其驗證程序，以維持其分散結構。

The relationship between Lido and Coinbase becomes apparent, according to Ethereum educator Sassal, who also notes that to users, it appears as though Lido is the leading collective staking entity. The basis of Lido’s system allows users to spread their stake among various node operators, while Coinbase is operationalized by a single entity. These decentralized and centralized staking models show clear differences in the specifications.

根據以太坊教育家薩薩爾（Sassal）的說法，利多爾（Lido）和二氧化基金（Coinbase）之間的關係變得顯而易見。 Lido系統的基礎使用戶可以在各種節點運算符之間擴展股份，而Coinbase則由單個實體進行操作。這些分散的和集中的放樣模型在規格上顯示出明顯的差異。

Coinbase's recent announcement comes during a period when centralized exchanges, such as Binance and its associated platforms, are experiencing a decline in visitor numbers. Statistics from Glassnode show that over the past three months, these exchanges have witnessed a roughly 30% reduction in user activity, largely due to the overall market instability.

Coinbase最近的宣布是在一個集中式交易所（例如二元平台及其相關平台）正在訪問者人數下降的時期。 GlassNode的統計數據表明，在過去的三個月中，這些交易所的用戶活動大約降低了30％，這主要是由於整體市場不穩定。

Despite this, Coinbase is continuously expanding its services as it aims to capture both retail and institutional investors. The company has made a significant entry into the market with its new addition of Verified Liquidity Pools, designed to boost trading performance levels for its customers. This change is part of Coinbase’s broader move to enhance its presence in the crypto market.

儘管如此，Coinbase仍在不斷擴大其服務，因為它旨在吸引零售和機構投資者。該公司通過新的增加了經過驗證的流動性池，旨在提高其客戶的交易績效水平。這一變化是Coinbase在加密市場中更廣泛的舉動的一部分。

Despite market conditions and regulatory hurdles, Coinbase is maintaining its innovation path. After a successful court outcome, the SEC has terminated its major lawsuit against Coinbase. This legal dispute created uncertain conditions for Coinbase and the entire crypto business ecosystem. Now, with the removal of the legal limitation, Coinbase has an opportunity to grow its staking operations and trading services.

儘管市場狀況和監管障礙，Coinbase仍在保持其創新道路。在成功的法院結果之後，SEC終止了針對Coinbase的重大訴訟。這場法律糾紛為Coinbase和整個加密業務生態系統創造了不確定的條件。現在，隨著法律限制的刪除，Coinbase有機會擴大其積分運營和交易服務。