Bitcoin becoming more decentralized: Report

posted about 1 month ago
Bitcoin has become more decentralized by several measures, according to Canadian financial services firm Canaccord Genuity Group. The firm said Bitcoin was less decentralized in its earlier days, as measured by its hashrate distribution. However, over the last few years, “increased competition” among mining chip manufacturers has led to decreasing centralization.

In 2019, no single mining pool controls more than 20% of Bitcoin’s hashrate, 5 mining pools have 10–20% and the remaining groups control less than 10% of the total hashrate.
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