Fork advocate claims Bitcoin is unsafe due to mining pool hashpower concentration
- —Fortezza argues the rule that honest nodes control more power than attackers no longer holds
- —Major pools rejected BIP-110 and continued the chain under old rules at block 961,632
- —Supporters of the limits switched the mining algorithm from SHA-256d to Blake2b at block 961,640
- —The XBT chain caps blocks at about 300 KB and locks part of miner rewards for 45 days
Why it matters: The claim comes from a fringe fork advocate, but it revives concerns about hashpower concentration in mining pools.
Source: BeInCrypto RU
More on this
Exchanges · Sep 21Ex-Ripple CTO: exchanges won't list Bitcoin forks due to security risks
DeFi · Oct 16Ether Jumps 4.22% to $2,451 as Glamsterdam Client Releases Are Due Today, Hoodi Forks October 26
Regulation · Oct 10Coin Center Flags IRS Claim That Bitcoin User Owes Tax on Unclaimed Fork Assets