very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
China still does not have more than 51% of network capacity. Or am I wrong? One country will not be able to do anything, even if there are a large number of Asics there. After all, these miners are located at different people and different companies that have different goals.in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
I don't think that China is a threat to Bitcoin or the whole crypto currency community because the real threat are those people that keep on speaking and spreading negativity about this industry.
