Worried about Bitcoin mining centralization? Don’t be. The network is far more robust than you realize.

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tldr; A recent article by Bitcoin Magazine contributor Bob Burnett describes a “nightmare scenario” that he believes presents a remote, but existential risk to the Bitcoin blockchain. In the article, a consortium of nation states coordinates a hostile shutdown of the entities controlling the supermajority of the network’s hashing power. The primary impacts of the scenario are slower block times leading to fewer transaction confirmations and a decline in the amount of new Bitcoin issued.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*


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