What, Why, and How: Bitcoin Centralization

in #bitcoin6 years ago

The bitcoin network is in a perpetual fight against centralizing forces. Is this really a bad thing, and if so, why does this keep happening? The heart of the issue is in Proof of Work security, and its subtle incentives toward large mining pools.

Learn more in the video below.

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Learn more about the Bitcoin Cash Stress Test in Jonathan Toomim's excellent article. https://medium.com/@j_73307/block-propagation-data-from-bitcoin-cashs-stress-test-5b1d7d39a234

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