The Decentralization of Bitcoin Mining with Bitcoin Mechanic (WiM507)
The "What is Money?" Show
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Decentralization Challenges in Bitcoin Mining
This chapter explores the centralization dynamics within Bitcoin's transaction processing and mining operations. It highlights the challenges posed by large mining pools and the critical need for true decentralization to protect the network's integrity. The speakers advocate for more active participation from miners to enhance resilience against regulatory pressures and maintain Bitcoin's decentralized ethos.
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