Over A Quarter Of The World’s Bitcoin Nodes Are Controlled By These 5 Countries
Bitcoin, still the cryptocurrency to beat in terms of market cap, has made a lot of progress towards its quest for mass adoption. Earning the status as a legal tender in El Salvador is the biggest one yet for the asset that is dubbed as “digital gold” and the “future of money.” As the maiden […]
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Data released hours after the Merge prompted concerns about the alleged centralization of PoS. Analysis from Santiment indicates that 46.15% of Ethereum’s PoS nodes are controlled by only 2 addresses.Hours after the Merge, the first address has validated about 188 blocks or 28.97% of the nodes, and the second has validated 16.18%, or 105 blocks. On Twitter, the data became a controversial topic as users debated about the impact of the Merge on centralization for the largest network in the world. According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes....
Imagine a country where everything new in the digital world is not only tested but implemented. Bitcoin.com is proud to present a list of the ten most Bitcoin-friendly countries in the world, where the technology is being tested and used at an increasingly rapid pace. The countries are listed in no particular order since each nation has its own....
Kristov Atlas has developed a quick tool called TorBan which can warn of a Bitcoin-over-Tor de-anonymization attack, called the "Luxembourg Attack." The "Luxembourg Attack," first described by University of Luxembourg researchers Ivan Pustogarov and Alex Biryukov earlier this year, involves the use of thousands of Bitcoin nodes and a handful of controlled Tor exit nodes to "de-anonymize" users using Bitcoin over Tor. The Luxembourg research paper, titled "Bitcoin over Tor isn't a good idea" detailed the potential attack. The Bitcoin network has built-in denial-of-service (DoS) attack....
Since its launch, Bitcoin Classic's node count has steadily increased. The latest release of the alternative Bitcoin implementation even topped the charts, with almost 3,000 Bitcoin Classic 0.12 nodes reachable on the network. But a closer look at these statistics reveal some odd details. First, IP-data suggests that many Bitcoin Classic nodes might not really be many Bitcoin Classic nodes at all. Instead, a single node could use multiple IP addresses to spoof total node count. This possibility appears more likely in light of the observation that very few Bitcoin Classic nodes seem to be....
Bitcoin has now become a “great hedge” against the centrally-controlled banking system according to BTCC CEO Bobby Lee. Bitcoin: Designed to Protect Your Wealth. The current debt-based, centrally-controlled banking and monetary system have created a monster, not much unlike “Frankenstein’s Monster.” Bitcoin has now become a monster the centralized power structure is trying to control. As Satoshi Nakamoto has stated before, Bitcoin was created in response to “The Great Recession” of 2007-2009 that many countries still haven’t completely recovered from. These action of these cyclical....