centralization

A solo Bitcoin miner has independently solved a BTC block to earn a reward of 3.275 BTC, roughly equivalent to $200,000. On Aug. 29, Con Kolivas, a software engineer and administrator of the solo mining pool ckpool, announced on X that the miner had successfully solved the 291st solo block …

Privacy and data ownership have long been a topic of discussion in the Internet technology space. When we look at the Web 2.0 era, which focused on user collaboration with interactive platforms, we see challenges around data privacy, identity theft, and autonomy in personal data management. The widespread collection and …

The cryptocurrency market has grown significantly in the past few years due to its high decentralization, security, and throughput compared to traditional financial systems. Bitcoin’s (BTC) decentralization has largely been achieved through its proof-of-work (PoW) consensus method, which allows anybody to participate in the mining process. The altcoin industry- led …

Threshold Network has proposed to acquire BitGo‘s Wrapped Bitcoin (WBTC) product, offering $36.4 million worth of their native T tokens. The move aims to transition WBTC from centralized custody to Threshold’s decentralized model, merging it with their tBTC Bitcoin (BTC) bridge. The proposal was presented by NuCypher’s co-founder and Threshold …

The rebranding to Sky includes the launch of two new tokens — USDS, an upgraded version of the DAI stablecoin, and SKY, a new governance token replacing MKR. MakerDAO’s Rebranding to Sky Introduces New Tokens Sky’s leadership sees this move as crucial for making decentralized finance more accessible and user-friendly. …

Ethereum co-founder Vitalik Buterin has been criticized by the crypto community for his comments on decentralized finance (DeFi). In an Aug. 25 post on X, Buterin expressed doubts about DeFi’s potential to drive significant growth in the crypto sector. He stated: “The ongoing existence of the defi market is downstream …

Recent data from BTC.com reveals that two mining pools — Foundry USA and AntPool — now control approximately 57% of Bitcoin’s total network hashrate. Foundry and AntPool Dominate Bitcoin Mining Pools Bitcoin mining pools are collaborative networks where individual miners combine their computational power to improve the likelihood of mining …

Blockchain data indexing platforms are one of the most consequential, yet largely unknown innovations in the Web3 industry, helping to free up developers’ resources and dramatically improve the user experience in decentralized applications. Yet the vast majority of Web3 users don’t have the first clue about what a Web3 data …

Tron founder Justin Sun – described on a recent podcast episode as “shameless” but “very shrewd” and “one of the smartest on-chain users, period” – is in the headlines this week, and not just because of the new self-referentially named memecoin launchpad, SunPump. His move to take a role alongside …

Polygon, the largest Ethereum scaling solution has announced a significant update for its network, marking the transition from MATIC to POL tokens as its native asset. Scheduled for September 4, this migration will replace MATIC with POL, playing a crucial role in the Polygon ecosystem, including its position within the …