A report from Pentagon’s research arm DAPRA shows the concentration of Bitcoin nodes and traffic in hands of few.
It also shows how mining pools control a huge part of BTC hashrate and have very few security measures at their end.
Pentagon, the headquarter of the United States Department of Defense, has shared some glaring details about the vulnerabilities of blockchain decentralization. A recent report commissioned by them shows that blockchain is not only decentralized by vulnerable to external attacks as it runs on outdated software.
Pentagon published the report “Are Blockchains Decentralized, Unintended Centralities in Distributed Ledgers” earlier this week. The report states that only a subset of participants can exert excessive and centralized control over the blockchain network. These findings could be a major reason for concern for multiple sectors including fintech, security, crypto industries, and big tech.
Pentagon’s native research arm, Defense Advanced Research...
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