Bitcoin’s trading finals now take a week due to the centralization of mining, the developer claims.

Luke Dashjr, a core developer of Bitcoin, stated that the 6 -block confirmation rules that were widely accepted were no longer suspended, raising concerns about the finality of Bitcoin transactions.

According to him, the closing of the transaction takes a week and questions the resistance of Bitcoin’s censorship.

Finality indicates a time when it is actually impossible to reverse the transaction due to the enormous computational ability required. Traditionally, this threshold was reached once once when six blocks were added after the original transaction.

The reason why Bitcoin trading takes a long time to finish

Dashjr argues that the existing standards are no longer applied as the centralization of the bitcoin mining pool increases. On February 8, in the X post, he explained that Bitcoin Knots, a key alternative to Bitcoin, attempted to update the six -block goal.

However, according to his calculation, more than 800 blocks are required to achieve 95% security due to significant share of Antpool’s network hashrates. This is about 5.5 days.

According to data from the Hashrate Index, Antpool controls about 16.67%of Bitcoin’s total hash power and tracks Foundry USA to 33.12%. Other main pools include F2POOL (8.87%), Mara Pool (6.06%) and Secpool (5.19%).

However, Dashjr has a much larger influence with some swimming pools such as Braiins and Viabtc. He also stated that many miners contributed to potential network reconstruction by unconsciously working under the centralized pool.

Industry -interest

Industry experts warned that if the superiority of some mining pools increased, reflecting these concerns, Bitcoin was exposed to potential censorship and even 51%of attacks.

BOB BURNETT, the CEO of Barefoot Mining, said that if a single entity controls a large portion of the network hash power, it can reconstruct the transaction and manipulate the blockchain.

He was noted:

“At least (threat) means that bitcoin exists to resist censorship and it takes a long time to achieve immutability.”

Considering this, Burnett suggested that retail investors play an important role in restoring decentralization.

He proposed that publicly traded mining companies could not control more than 15% of the Bitcoin network by applying pressure to spread the hash power to small pools. If the miners are rejected, investors should sell stocks and openly demand the ratification company to maintain the diversification of Bitcoin.

On the other hand, I do not agree that this problem is as serious as Dashjr. Daniel Roberts, a co -founder of Iris Energy LTD, can disregard these concerns and suggest that the design of Bitcoin can control over time.

Roberts added:

“Bitcoin may not be perfect, and we must continue to try and improve it, but this type of problem is generally built into the design.”

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