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I'm not even convinced it _is_ decentralized. Seems like mining is clustered around a few big operations (mostly in china) that have access to cheap electricity
by mathgenius 9y ago
I'm not even convinced it _is_ decentralized. Seems like mining is clustered around a few big operations (mostly in china) that have access to cheap electricity.
- sbenitoj 9y agoEven if it's not perfectly decentralized, the fact that users can fork and create their own cryptocurrency acts as a fail safe. Miners with > 51% mining power would only be destroying their own long term profitability if they destroy the network.