Bitcoin Mining Centralization Alert! 🚨

Foundry USA and AntPool now control over 51% of Bitcoin's hashrate, sparking fears of a potential 51% attack. This concentration of mining power has shaken the community's confidence in decentralization, Bitcoin's foundation. If these two mining pools were to combine, they would surpass the 51% threshold, potentially allowing them to manipulate transaction validation and block or reverse confirmed transactions.

The Risks:

51% Attack: Controlling mining pools could manipulate transaction validation, block or reverse confirmed transactions, and enable double-spending, compromising Bitcoin's integrity.

Financial Losses: A 51% attack could cause significant financial losses and destroy confidence in Bitcoin as a safe-haven asset.

Systemic Risk: The perception of Bitcoin's vulnerability could generate concern among investors, raising worries about systemic risk.

The Debate:

Proof-of-Work (PoW) Mechanism: Experts question whether PoW remains suitable as the backbone

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