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Exploring the Centralization of Bitcoin Mining

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by Giorgi Kostiuk

a year ago

Exploring the potential centralization of Bitcoin mining in the United States unveils various perspectives on the cryptocurrency ecosystem. Trump's advocacy for US-based mining to solidify energy supremacy and shield against centralized digital currencies sparks diverse reactions. While centralization may offer regulatory clarity, it challenges the decentralized essence of Bitcoin. The shift towards centralized mining within the US prompts reflections on network security and governance implications, signaling the need to strike a balance between oversight advantages and risks to the decentralized fabric of Bitcoin.

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