The "What is Money?" Show cover image

The Decentralization of Bitcoin Mining with Bitcoin Mechanic (WiM507)

The "What is Money?" Show

CHAPTER

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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