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 ?
for now there is no solution for that and China is very influential for the stability of bitcoin in the world because more than 60% of miners are from there. but it's just your expectation that blockchain technology has been developed by several coins. perhaps panic will occur which causes prices to fall but not destroy. 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 ?
