Bitcoin (BTC) is the leading cryptocurrency whose core value lies in being secure and uncensorable money powered by a decentralized network of miners, reaching consensus over its users’ transactions.
However, experts have challenged Bitcoin’s long-term security model and decentralization status over the years, warning of gradual proof-of-work centralization.
A study published by pseudonymous analyst b10c (@0xb10c, on X) suggests that mining operations centralization could be worse than ever. The analyst shared insights on April 17 that point to Bitmain dominating Bitcoin mining operations among multiple pools, raising concerns.
Looking at the merkle branches that mining pools send to miners as part of stratum jobs, it’s clear that the BTCcom pool, Binance pool, Poolin, EMCD, Rawpool, and possibly Braiins* have exactly the same template and custom transaction prioritization as AntPool. https://t.co/KTjFWtTXEP pic.twitter.com/xhCrdvkOH8
— b10c (@0xB10C) April 17, 2024
We współpracy z: https://finbold.com/chinese-bitcoin-company-centralizes-mining-operations-study-suggests/
