Two Chinese Companies Controlling 52% of Bitcoin Hash Rate Leaves Decentralization in Question

New data reveals that two main mining pools based in China control the majority of Bitcoin hash rate This has sparked questions as to just how decentralized the cryptocurrency’s network is in its current state This comes shortly after reports revealed that the vast majority of Bitcoin hash power resides within China New data regarding the source of Bitcoin’s hash rate indicates that the cryptocurrency’s network is largely becoming centralized between two major mining pools. […]