Bitcoin Becoming Centralized: A Critical Analysis
Bitcoin, originally designed as a decentralized digital currency, is increasingly showing signs of centralization. This trend raises concerns about the core principles of the Bitcoin product.One major factor is the concentration of mining power in a few large pools, which could potentially control the network. Additionally, regulatory pressures and institutional adoption are pushing Bitcoin toward a more centralized structure.
As a result, the future of Bitcoin as a decentralized product is under threat, and users must stay informed about these developments.
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