syntaxsage

• Post By syntaxsage
• 2 weeks ago

Two Mining Pools controlling 50% of the network and the Spamming Issue

Two major mining pools ( Foundry USA and Antpool) controlling over 50% of the hash rate means centralization issue Nakamoto coefficient =2

• These pools prioritize transactions based on fees or policies ( preferring meme pictures and jpegs storage)

• Spamming Filters (Protection layers ) not doing the job

• Prefer to Process high-fee transactions,

• Undermining decentralized ethos.

• We need to have at least 12 Nakamoto Coefficient ( More than 12 to control the 50% of the network)