The second development has been the Immediate Edge proliferation of new cryptos competing with bitcoin. The website “Coinmarketcap.com” currently lists additional cryptos that number in the hundreds. Analysts presume that a situation such as this would cause prices to crash, as people would sell bitcoin immediately in an effort to pursue safer options. Effects of a group reaching the threshold would bring the realization of the exact opposite of bitcoin’s major attributes—complete centralization as opposed to decentralization. This is the first time that a group has come close to controlling more than fifty percent of the mining network.


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