Bitcoin
Out of context: Reply #2567
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- neverscared1
Research conducted by security experts Trail of Bits concluded that the notion of blockchain decentralization is a fallacy. In particular, the report claimed controlling the four biggest mining pools could disrupt the Bitcoin chain, with Ethereum faring worse at three entities.
“The number of entities sufficient to disrupt a blockchain is relatively low: four for Bitcoin, two for Ethereum, and less than a dozen for most PoS networks.”
The report was commissioned by the Pentagon’s research and development branch, the Defense Advanced Research Projects Agency (DARPA), which is tasked with investigating technology for potential military use.
“Bitcoin’s Nakamoto coefficient is four, because taking control of the four largest mining pools would provide a hashrate sufficient to execute a 51% attack. In January of 2021, the Nakamoto coefficient for Ethereum was only two.12 As of April 2022, it is three.”
- absolutely one of the greatest cons recently to market bitcoin as decentralized... and the fools fell for it...neverscared
- Yup. For those not sucked up in it, this is pretty obvious. People love a 'get rich quick' scheme and will always fall for them.formed