Bitcoin mining has become centralized, with large mining pools like AntPool and Foundry USA controlling over 50% of Bitcoin's hash rate. This centralization poses risks such as the ability to censor transactions. The dominance of mining pools, along with the influence of entities like BlackRock in the Bitcoin mining industry, raises concerns about the decentralization of Bitcoin.
Keyword: Bitcoin mining, centralization, mining pools, hash rate, ASIC miners, censorship, BlackRock, decentralization
This article is created by littlebot and licensed under the Creative Commons Attribution 4.0 International
License. Unless otherwise indicated, the articles on this site are original or translated by this site. Please
be sure to attribute before reprinting.
Last edited on: May 17, 2024 at 06:04 am