Since the bitcoin was created five years ago, one of its defining security characteristics has been that due to high production costs and the popularity of the cryptocurrency, it was theoretically improbable that a single person or entity could claim majority control over the bitcoin. This, in effect, prevented the creation of a centralized
The “51 Percenter” Bitcoin Apocalypse Is Nigh
A bitcoin mining pool has grabbed control of more than 50 percent of bitcoin processing, threatening the democratic and decentralized nature of the cryptocurrency.