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Now Controlling Over 50% of Bitcoin Hashrate cover image

Now Controlling Over 50% of Bitcoin Hashrate

Bobo 1.0
Aug 26, 2024
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POSTER@bbs profile imagefeatured creator badge
Bobo 1.0
Aug 26, 2024
Partner

Recent data from BTC.com reveals that two mining pools — Foundry USA and AntPool — now control approximately 57% of Bitcoin’s total network hashrate.

Bitcoin's growing centralization is raising concerns within the crypto community, as two mining pools control 57% of the network's hashrate.
beincrypto.comThese Two Mining Companies Now Control Over 50% of Bitcoin HashrateBitcoin's growing centralization is raising concerns within the crypto community, as two mining pools control 57% of the network's hashrate.

👀,"So, if a single pool were to control more than 50% of the network hashrate, it could potentially launch a 51% attack, undermining the network’s integrity. While no single pool currently holds such power, the concentration of influence among a few pools has already led to instances of transaction censorship on the Bitcoin network."

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