No, Concentration Among Miners Isn’t Going to Break Bitcoin

Coindesk | Feb 20, 2020 at 5:00 AM
  • CoinDesk columnist Hasu is a pseudonymous crypto researcher publishing analysis for Deribit Insights and his personal blog.
  • It is certainly true that one miner with 100 percent of the hash power would have more control over the network than miners with 10 percent hash power.
  • The answer is that bitcoin’s design doesn’t assume mining power is widely distributed.