menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Bitcoin Is...
source image

Hackernoon

1M

read

118

img
dot

Image Credit: Hackernoon

Bitcoin Is Eerily Resembling the Financial System It Was Meant to Replace

  • Bitcoin's original vision of a decentralized peer-to-peer system is being challenged by increasing centralization.
  • Recent research shows the dominance of a few powerful players in the Bitcoin ecosystem, including exchanges and mining operations.
  • Centralization in Bitcoin raises concerns about vulnerabilities and the risk of a 51% attack.
  • The Bitcoin community must decide whether to accept centralization as inevitable or take action to realign with the original vision of decentralization.

Read Full Article

like

7 Likes

For uninterrupted reading, download the app