Post
Topic
Board Development & Technical Discussion
Re: Why it is said that bitcoin is centralized?
by
konovalets
on 22/08/2016, 19:15:33 UTC
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.