When Satoshi Nakamoto designed Bitcoin (BTC), they based its security on a consensus mechanism called Proof-Of-Work (PoW). However, given its consensus decentralization current status, Bitcoin’s security might be in peril.
At least, this is what the crypto researcher Chris Blec thinks, according to a post on X on December 14:
“This is not a good chart. 2 mining pools (both of them force all miners to KYC) comprise 55% of the Bitcoin hash rate. We could be one chess move away from some big problems for Bitcoin. But even worse is the fact that nobody really wants to talk about it. Where’s the urgency?”
— Chris Blec
Total Bitcoin Hash Rate by Mining Pool (December 14, all chains). Source: coin.dance
Notably, the mentioned chart shows Foundry USA and AntPool with 27.6% of Bitcoin’s global hashrate each. Both Bitcoin mining pools are Bitcoin mining companies’ cooperatives seeking to improve block discovery and, consequentially, their profits.
More than just pointing to the wor
We współpracy z: https://finbold.com/bitcoin-in-danger-as-we-are-one-chess-move-away-from-big-problems/
