Censorship, disruption of consensus and bitcoin destabilization - easy for China

Censorship, disruption of consensus and bitcoin destabilization - easy for China
A new report by scientists from Princeton and Florida universities suggests that the growing influence of China on key bitcoin infrastructure gives the Chinese government substantial power over the main cryptocurrency and even the ability to destroy it.

Bitcoin was designed to avoid any form of centralized control. The core infrastructure of this cryptocurrency gives participants a strong set of incentives that support the health and stability of the ecosystem. Bitcoin is almost ten years old, and there has not yet been any serious (and ...
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