upload your homework to Canvas 1. Read the CoinDesk's news analysis: https://www.coindesk.com/layer2/2022/05/18/will-a-proof-of-stake-ethereum-lead-to-more-centralization/ It is often claimed that despite the decentralized design of cryptocurrency, the operations and activities within cryptocurrency networks are highly concentrated. Can you explain how this is possible? What is the major reason causing such concentrated of economic power? 2. Read the Fed's Report on Stablecoins (from Page 1 to Page 14) and answer the questions: https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf a) Which stablecoin has the largest market capitalization (in billion dollars) in 2021? It is not definitely not DAI that we covered in the lecture. (See Chart 1)