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Development & Technical Discussion
Re: Why it is said that bitcoin is centralized?
by
TheKoolKid
on
21/08/2016, 15:27:29 UTC
Quote from: expert4knowledge on August 17, 2016, 07:44:18 PM
Hello everyone, we can heard in this forum that bitcoin is not centralized and it is one of advantages, but what do you think about this article and the idea that bitcoin is not centralized? I am saying this based on below research which is done on ETH Switzerland and Germany.
https://www.ethz.ch/content/dam/ethz/special-interest/infk/inst-infsec/system-security-group-dam/research/publications/pub2014/spmagazine_gervais.pdf
Mining centralization is done by China already..
90% of BTC transactions are from China...
Who ever said Bitcoin is decentralized? Only the development process is decentralized.