CoinTelegraph - Blockchain isn’t as decentralized as you think: Defense agency report

in #blockchain • 2 years ago

https://cointelegraph.com/news/blockchain-isn-t-as-decentralized-as-you-think-defense-agency-report
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Among the key findings is that the following can provide room for centralization:

  • old bitcoin nodes,
  • unencrypted mining pools, and
  • unencrypted network traffic that passes through only a limited number of ISPs.

The report also states that it is mostly just a sub-network of bitcoin nodes that are responsible for reaching consensus and communicating with miners.

It also found that older versions of the Bitcoin Core client were still running on 21% of Bitcoin nodes, despite vulnerabilities such as consensus errors.

Are you a Bitcoin holder? Watch out for this finding!!

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#horror #vulnerability #bitcoin #nodes #decentralized #unencrypted #mining
2 years ago in #blockchain by
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