No Threat of Centralization: How Exchanges View the Mining Industry
November 12 2019 - 7:46AM
Crypto Briefing
Coinbase, Kraken and other cryptocurrency exchanges are taking
positions on proof-of-work consensus and Bitcoin
mining. Despite criticisms against proof-of-work, they argue
there is little risk of centralization-induced attacks.
Proof-of-work is one of Bitcoin’s core features which allows to
reach consensus and keep the blockchain secure. Miners are
responsible for finalizing transactions and generating new
Bitcoins. However, […]
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