NBER Study Reveals Bitcoin Is Over Concentrated And Vulnerable To A 51% Attack

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NBER Study Reveals Bitcoin Is Over Concentrated And Vulnerable To A 51% Attack

A new study reveals that Bitcoin is concentrated in the hands of a few whales.The research goes on to reveal that Bitcoin miners are heavily concentrated and leave the network susceptible to a 51% attack. The largest BTC whales include MicroStrategy, Satoshi Nakamoto, Micree Zhan, and the Winklevoss twins.

Salah sahiji titik jual tina Bitcoin is the extent of its decentralization over traditional financial systems. A recent study by the National Bureau of Economic Research reveals that the network might not be as decentralized as we think.

Sababaraha Leungeun, Loba BTC

An in-depth study by the National Bureau of Economic Research, (NBER) has revealed that the bulk of Bitcoins is owned by a few individuals. The research team utilized a methodology that involved splitting addresses between intermediaries and individuals, which generated interesting results despite the difficulty of the undertaking.

Panaliti ngungkabkeun yén 10,000 dompét aya dina kadali langkung ti 6,000,000 BTC anu mangrupikeun sapertilu tina sadaya cryptocurrency anu aya dina sirkulasi. Pilarian langkung jauh, NBER mendakan yén 1,000 investor anu unggul ngagaduhan sakitar 3,000,000 BTC kalayan métrikna langkung konsentrasi langkung luhur. 

"Ukur konsentrasi ieu paling dipikaresep mangrupikeun pernyataan anu teu jelas sabab urang henteu tiasa ngaluarkeun yén sababaraha alamat panggedéna dikontrol ku éntitas anu sami," ceuk panalungtik. “Our results suggest that despite the significant attention that Bitcoin has received over the years, the Bitcoin ecosystem is still dominated by large and concentrated players, be it large miners, Bitcoin holders or exchanges.”

Tren konsentrasi ogé tiasa dipendakan diantara panambang cryptocurrency dimana 10% panambang anu pangheulana nyababkeun 90% tina generasi aset bari ngan ukur sabagian anu tanggung jawab 50%. Sanaos sifat jaringan anu katingalina desentralisasi, studi NBER neraskeun cet gambar anu béda.

The downside tina konsentrasi beurat panambang nurutkeun ulikan nyaéta karentanan tina serangan 51% dina jaringan. Serangan jenis ieu lumangsung nalika panyerang meunang kontrol mayoritas tina kakuatan hashing blockchain.

Panggedéna Bitcoin Whales And Miners

Although it’s hard to tell who the largest holders of Bitcoin are, some entities stand out from the pack as the biggest whales. For organizations, MicroStrategy is the largest entity with an diperkirakeun 111,042 BTC anu gaduh nilai langkung ti $ 6 milyar sareng henteu nunjukkeun tanda-tanda ngalambatkeun akuisisi..

Bitcoin’s founder, Satoshi Nakamoto is said to have over 1 million BTC in his possession which would make him the largest whale. Other noteworthy individuals include the Winklevoss brothers, Barry Silbert, Tim Draper, Michael Novogratz, and Micree Zhan, the owner of Bitmain.

Prior to China’s cryptocurrency crackdown, the country accounted for over 50% of Bitcoin’s hash rate but with the tide turning, America now has the highest concentration of Bitcoin panambang. Kazakhstan jeung Rusia datang dina tempat kadua jeung katilu.

sumber aslina: ZyCrypto