Coinbase巩固了其作为最大的以太坊验证器的地位，控制了总固定ETH的11.42％

Coinbase巩固了其作为最大个人以太坊验证器的地位，控制了总固定ETH的11.42％。该公司现在经营120,000个验证者

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

Coinbase已成为最大的个人以太坊验证器，现在控制着总固定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.

该公司周四的最新报告显示，它正在运行120,000个验证者，并管理约384万个固定以太坊令牌。

Coinbase’s Structure for Validator Performance and Security

Coinbase的验证绩效和安全性结构

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的以太坊验证绩效报告中的数字显示，参与者率为99.75％的运行指标和最高正常运行时间。安全是Coinbase的重中之重，因为该公司在签署交易或进行削减事件时没有错误。通过其资产保护系统，Coinbase可确保用户的资金免受潜在罚款。

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通过将其验证器部署在与AWS和GCP云提供商相关的不同地理位置中来减轻风险。这种实现方法可提高网络可靠性，同时减少服务中断。该公司还建立了多个执行和共识客户端，以防止整个系统中的单个故障点。

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的人必须考虑安全问题，这可能导致削减节点运营商的利益奖励的罚款。在Coinbase，防止罚款的策略导致回报有所减少，但它们有助于确保避免罚款，从而与其他交易所的安全标准相匹配。通过其方法获得的安全性和稳定性优势对在平台中持有的参与者有利。

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不断增长的以太坊储存资产有可能降低网络的权力下放特征。在所有Staking提供商中，Coinbase的领先地位占总固定的ETH的11.42％，使其成为以太坊网络中最大的个体验证器。尽管其性质透明，但该平台仍扩大了对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.

一些社区成员对集中式系统产生的网络安全影响表示关注。一个持有大部分股份的单一实体增加了网络的安全风险。多个利益相关者认为以太坊应进一步分发其验证程序，以维持其分散结构。

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.

根据以太坊教育家萨萨尔（Sassal）的说法，利多尔（Lido）和二氧化基金（Coinbase）之间的关系变得显而易见。 Lido系统的基础使用户可以在各种节点运算符之间扩展股份，而Coinbase则由单个实体进行操作。这些分散的和集中的放样模型在规格上显示出明显的差异。

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最近的宣布是在一个集中式交易所（例如二元平台及其相关平台）正在访问者人数下降的时期。 GlassNode的统计数据表明，在过去的三个月中，这些交易所的用户活动大约降低了30％，这主要是由于整体市场不稳定。

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.

尽管如此，Coinbase仍在不断扩大其服务，因为它旨在吸引零售和机构投资者。该公司通过新的增加了经过验证的流动性池，旨在提高其客户的交易绩效水平。这一变化是Coinbase在加密市场中更广泛的举动的一部分。

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.

尽管市场状况和监管障碍，Coinbase仍在保持其创新道路。在成功的法院结果之后，SEC终止了针对Coinbase的重大诉讼。这场法律纠纷为Coinbase和整个加密业务生态系统创造了不确定的条件。现在，随着法律限制的删除，Coinbase有机会扩大其积分运营和交易服务。