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Coinbase shared the news that one single entity is controlling more than 50% of computation power.
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It raised major concerns among the entire crypto community because of many reasons.
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ECC, the parent company of Zcash, gave clarity on the situation and hopefully assuaged the fear.
Blockchain networks are supposed to be decentralized. Their very foundation is based on the promise of equal distribution of profits. But there are times when the domain sees entities violating these norms blatantly. Something similar happened recently with the Zcash network and the whistleblower is none other than Coinbase.
What’s Brewing in the Zcash Network?
Coinbase recently issued a warning that caused havoc in the whole crypto community. It divulged that Zcash has a single entity that owns 53.8% of its hash rate. The exchange also informed that it took precautionary steps to rule out the possibility of attack. For the uninitiated, when a single ent
We współpracy z: https://www.thecoinrepublic.com/2023/09/21/how-zcash-and-coinbase-are-dealing-with-centralization-threat/
