Bitcoin SV is the most centralized ‘Bitcoin’ network

Bitcoin SV is the most centralized ‘Bitcoin’ network

Bitcoin, the software developed by Satoshi Nakamoto, has been updated multiple times since its inception, which resulted in different protocols, networks, and communities. Among all the variations, three chains have kept the core protocol designs while making minor changes: Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin SV (BSV).
From the similarities, the three of them have a capped circulating supply of 21 million that will be reached approximately by 2140 with each of their miners discovering blocks in an interval of approximately 10 minutes, guaranteed by the mining difficulty adjustment.
Besides that, both BTC, BCH, and BSV use SHA-256 as their mining algorithm and can be mined through special ASIC mining machines.
With that in mind, Finbold gathered data from MiningPoolStats to understand the mining decentralization state for the three main chains carrying the name ‘Bitcoin’.
Bitcoin SV (BSV) mining centralized in 1 entity
Worryingly, one single entity has mined more than hal

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