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3min chapter
The Decentralization of Bitcoin Mining with Bitcoin Mechanic (WiM507)
The "What is Money?" Show
Challenges of Centralization in Bitcoin Mining
This chapter examines the issues surrounding Bitcoin mining centralization, focusing on the risks of diminished node participation and decentralization quality. It also discusses the potential rise of higher layer protocols, like the Lightning Network, while reflecting on the balance between idealism and practicality in Bitcoin's evolution.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode