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Development & Technical Discussion
Re: Why it is said that bitcoin is centralized?
by
konovalets
on
22/08/2016, 19:15:33 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
The truth is that bitcoin becomes more centralized last three years because of asics and china miners, but compared to fiat currencies it's still very decentralized.