Kategorie: Bitcoin

TOKES – Hoe Blockchain de Cannabisindustrie helpt

Multichain Ventures is het moederbedrijf van The Tokes Platform. Multichain produceert blockchain-gerichte producten, waaronder cryptocurrency-gebaseerde betalingsverwerking en supply chain visibility tools voor de cannabisindustrie.
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Waarom je zou moeten luisteren:

Het Tokes Platform bouwt software-oplossingen voor de merchant adoptie van cryptocurrency en de data provenance van supply chains in de legale cannabis industrie. Het platform is ontwikkeld als een oplossing voor het cash-only probleem dat wordt veroorzaakt door het federale verbod dat resulteert in bankbeperkingen. Om dit probleem op te lossen, creëerde Tokes software voor tokenized transacties die Crypto Trader transacties van consument naar bedrijf, van bedrijf naar bedrijf, en van bedrijf naar staat omvatten. Blockchain biedt nut voor meer dan alleen betalingen, aangezien het waarborgen van de herkomst en transparantie van cannabis supply chain-gegevens van zaad tot verkoop niet alleen een voorkeursscenario is voor consumenten, maar ook wordt gereguleerd door overheidsinstanties. Tokes produceert oplossingen voor zichtbaarheid van de toeleveringsketen op blockchain voor integratie met seed-to-sale software om de nauwkeurigheid en beschikbaarheid van cannabisgegevens voor regelgevende instanties en zakelijke belanghebbenden te garanderen.

Key takeaway

Multichain heeft onlangs een contract voor de publieke sector binnengehaald met de staat Nevada om te voldoen aan de vereisten van Assembly Bill 466. Het wetsvoorstel creëert een pilot-programma en een wettelijk kader waarbinnen legale cannabis entiteiten en ondersteunende bedrijven de noodzaak van uitsluitend contante transacties kunnen elimineren, door de implementatie van blockchain-gebaseerde diensten. Multichain’s bijdragen aan de B466 gaan terug tot 2018. Vroege discussies concentreerden zich op een verscheidenheid aan potentiële alternatieve oplossingen voor problemen waarmee cannabisoperators worden geconfronteerd en hoe tokenized ecosystemen deze problemen zouden kunnen helpen oplossen.

Multichain werkt aan Star Atlas, een ruimte-thema metaverse van grote strategie, open wereldverkenning, territoriale verovering en politieke overheersing. De onderliggende technologie bestaat uit het nieuwste in hi-fidelity game ontwikkeling, Unreal Engine, verbluffende visuals, en een blockchain basislaag die gebruik maakt van Solana. De metaverse vertegenwoordigt een alternatieve wereld van economische en politieke strategie, met de mogelijkheid om real-world rijkdom te genereren die video game activa overstijgt.
Ondersteunende links:

• Tokes Platform
• Multichain Ondernemingen
• Ster Atlas
• Andy op Twitter
• Brave New Coin op Twitter
• Brave New Coin

Als u van de show hebt genoten, abonneer u dan op de Crypto Conversation en geef ons een 5-sterrenbeoordeling en een positieve recensie in welke podcast-app u ook gebruikt.

Les Portugais pourront payer leur électricité en Bitcoin grâce à l’initiative d’une petite entreprise innovante.

L’essor de Bitcoin vers de nouveaux ATH, la clarté réglementaire et l’adoption croissante par les grandes entreprises et les clients institutionnels sont quelques-uns des facteurs qui ont conduit la CTB à faire son chemin comme moyen de paiement dans le monde traditionnel, et les entreprises au Portugal commencent à en prendre note.

Luzboa, un détaillant d’électricité basé au Portugal, a annoncé qu’il entamait les procédures d’adaptation technologique nécessaires pour soutenir les paiements Bitcoin Bank dès que possible.

L’entreprise dessert actuellement environ 5 000 clients, particuliers, entreprises et institutions. Parmi eux, au moins 2 000 paient leurs services d’électricité selon le tarif du marché spot.

Présentation de Bitcoin à 5 000 clients au Portugal

La compagnie d’électricité basée au Portugal n’a pas l’intention d’acheter des jetons ou d’investir dans Bitcoin. Selon le président de Luzboa, Pedro Morais Leitão, l’idée est de s’emparer d’un créneau de clients qui sont avides d’utiliser effectivement leurs cryptocurrences et qui leur font déjà confiance comme moyen de paiement.

„Nous sommes conscients de la volatilité de la monnaie, mais nous sommes prêts à assumer un certain risque. Une nouvelle génération s’intéresse aux cryptocurrences. Nous sommes prêts à leur donner une chance d’utiliser de nouveaux moyens de paiement“.

Pour éviter les risques, Luzboa va immédiatement convertir les paiements en Bitcoin en euros. Les factures seront également exprimées en euros, afin que les clients remplissent une obligation correctement exprimée en fiat à des fins fiscales.

Luzboa travaille déjà à la création de la plateforme qui permettra d’effectuer des paiements sur un portefeuille Luzboa. Ils n’ont pas dit s’ils travaillent avec un processeur de paiement ou non.

Une lente course à l’adoption de la cryptographie complète

Le Portugal est lent par rapport à d’autres pays en termes d’adoption de Bitcoin. Pourtant, il semble que le pays ne veuille pas perdre la course maintenant que le bitcoin prend son envol.

Selon Henrique Tomé, analyste chez le courtier portugais XTB, les Portugais augmentent progressivement leur niveau d’exposition aux bitcoins et autres actifs numériques, et les entreprises du pays suivent cette même tendance :

Le Portugal a encore des niveaux modestes, mais ces derniers mois, nous avons constaté une croissance significative de la demande et des transactions de crypto-activités, et nous commençons à voir des investissements de la part des entreprises de ce secteur, au niveau national

Avec un nombre croissant de sociétés acceptant les bitcoins comme moyen de paiement, la crédibilité des cryptocurrences s’accroît. Ceci, à son tour, a un impact positif sur les fondamentaux de cette technologie.

Les analystes en prennent note. Récemment, un groupe d’experts de JP Morgan a affirmé que Bitcoin pourrait approcher les 146 000 dollars à l’avenir. Cependant, un rapport ultérieur indique qu’il est insoutenable pour la BTC de continuer à négocier dans la fourchette des 50 000 dollars, car la hausse est principalement le fait des spéculateurs.

Cependant, des actions telles que celle de Luzboa, ou même celle du canton suisse de Zoug qui accepte Bitcoin comme paiement d’impôts, soutiennent Bitcoin bien au-delà des attentes des purs traders.

Il semble que, sans s’en rendre compte, une petite compagnie d’électricité au Portugal contribue à renforcer la hausse des prix des bitcoins.

Bitfinex now offers Bitcoin (BTC) and Ether (ETH) loans

The Bitfinex exchange now allows its users to take out personal loans in cryptomoney via a new dedicated service, Bitfinex Borrow. Verified users can obtain loans in Bitcoin (BTC), Ether (ETH) and many other cryptosystems.

The Bitfinex platform now offers its users the possibility to take out loans in cryptomoney. This service by Bitcoin Revolution scam is offered via Bitfinex Borrow, a P2P platform that allows users to borrow funds from others using their cryptographic or fiat currencies as collateral.

Access to Bitfinex Borrow is restricted to users whose identity has been verified. The higher the level of verification, the greater the borrowing options.

There are a number of different cryptomasks available, as listed below:

• Bitcoin (BTC)
• Ether (ETH)
• Tether (USDT)
• Litecoin (LTC)
• Polkadot (DOT)
• XRP
• EOS

For the main cryptocurrency, the BTC, borrowers can pledge US dollars, euros, Japanese yen and even Tether (USDT) as collateral. For an ETH loan, only US dollars are currently accepted as collateral.

As far as loan-to-value ratios are concerned, borrowers will be able to obtain loans in BTC corresponding to a maximum of 80% of the value of their assets in dollars, euros or USDT. For the yen, the loan-to-value ratio will not exceed 70%. For ether loans, the percentage will be up to 80% of the funds deposited as collateral.

The Annual Percentage Rate of Charge (APR) on loans is particularly attractive and more advantageous than on other platforms. Bitfinex charges an annual interest rate of around 3.75% for BTC loans and around 1.22% for ETH loans.

The most advantageous rates are charged on DOT and EOS loans, which are only 0.1% and 0.01% at the time of writing, respectively.

What is the Bitfinex Borrow interface like?

For its new service, Bitfinex has made things as simple as possible. For example, let’s simulate borrowing 0.25 BTC on the platform.

In the capture below, Bitfinex tells me that I must first deposit 5,488 euros to borrow 0.25 BTC. A loan can be taken out over a period of 2 to 120 days.

For a 50-day loan, the daily interest rate here is 0.010270%. I would therefore have to repay the equivalent of 0.25128 BTC to the platform at term.

With Bitfinex Borrow, you can choose between a variable or fixed rate loan. The interest charged for a variable rate loan changes throughout the term of the loan. It fluctuates according to supply and demand. The interest charged for a fixed-rate loan is fixed for the entire term of the loan and is not subject to the slightest variation.

If you are interested in the Bitfinex loan service, please read its terms and conditions carefully beforehand. Please also note that this does not fall within the scope of decentralised finance (DeFi), as Bitfinex is a fully centralised platform.

The price of Bitcoin fell suddenly by 2.5% after reaching $19,570 in an overnight rally.

3 reasons why Bitcoin simply fell after failing to break US$19.5K again

The price of Bitcoin (BTC) rose above $19,500 briefly on December 15, reaching a high of $19,570 at Binance. However, BTC fell to US$19,050 in three hours, registering a sudden drop of 2.5%.

Bitcoin soared to around US$19,600 with the impetus of its recovery and negative funding rates in the future market. But it rejected the same level of decline since November due to whale selling pressure.

Bitcoin’s 1-hour price chart (Coinbase). Source: TradingView.com
A movement of relief was expected
As the Cointelegraph reported on 12 December, technical indicators showed that the BTC was oversold after falling below US$17,600.

The four-hour candle chart saw a bullish divergence and a TD9 buying indicator, signaling that selling pressure had run out.

The price of Bitcoin recovered quickly above US$18,000 and continued its run after US$18,300. BTC then, breaking the key resistance level of the whale cluster at US$18,800, further fuelled its momentum.

Encouraged by the recovery from the Crypto Engine relief, Bitcoin continued to climb, reaching US$19,570 at major exchanges.

Negative future financing rates fed BTC
Futures financing rates at Binance Futures and other major platforms became negative when Bitcoin began to recover above $18,000.

The funding rate for Bitcoin futures contracts becomes negative when there are more short sellers than buyers. This means that the probability of a short squeeze increases, which can cause a sudden peak in buyer demand.

Although the financing rate was negative for a short period, as the Bitcoin financing rate rarely turns negative, it was an indication of aggressive selling.

Bitcoin futures short activity. Source: Hyblock Capital
A trader alias known as „Byzantine General“ pointed out that short sellers were highly aggressive during the high. A move above $19,300 would squeeze many short positions, he added:

„The shorts were really aggressive again and are now under water. Break the $19,300 and they will be pressed hard. ”
Once Bitcoin surpassed US$19,300, it quickly reached US$19,570, suggesting that a big squeeze occurred.

Exchanges see the return of Bitcoin whales
Despite the strong recovery, Bitcoin had a large liquidation above US$19,500 when the whales made a profit.

Ki Young Ju, the CEO of CryptoQuant, said on Dec. 15 that he is reducing his position due to the increase in whale deposits for exchanges. He said:

„Profit realised at US$19,250 and changed from long generation (10x) to long normal (1x). Looking at the average flow of exchanges (MA 144 blocks), the $BTC whales are depositing on exchanges. I think the whales need more time to profit here. ”

Since then, Bitcoin has fallen below US$19,100, consolidating under the US$19,400 resistance area once again.

In the short term, the key to Bitcoin is to remain above the $18,800 support level. As the Cointelegraph reported, this maintenance of level would be a bullish signal that may propel the BTC to a new historic high.

The AAVE token trades between the support at $ 62 and resistance at $ 83.

The price broke a short term descending resistance line.

The AAVE / BTC pair follows a descending resistance line.

Aave (AAVE) price is currently looking to break above the $ 83 resistance zone. If it succeeds, it would push the price up to a new record high.

Although a short term retracement may take place, the Bitcoin Machine app will likely continue to rise.

Aave is approaching its record high

The AAVE price has been rising from its low at $ 24.66 on November 5. It peaked at $ 84.71 on November 20, narrowly missing its all-time high (ATH) before declining sharply.

That said, this decline only served to validate the $ 62 area as support, knowing that price created a very long upper wick and has been rising since then.

Technical indicators are bullish and support the continuity of the upward movement. If price were to break above the resistance at $ 83, then there would be virtually no resistance to the high of $ 90.83.

Cryptocurrency trader @TradingTank pointed to an AAVE chart, saying the price will soon hit a new high.

While this is a possibility (also supported by technical indicators), price has yet to break above the $ 83 area which is needed for a new all-time high.

Future movement

The shorter term chart for Aave shows that price has breached a descending resistance line. That said, it generated considerable bearish divergences in the RSI like the MACD.

In addition, the price has not retested the passing level of resistance since its advance.

Thus, a short-term decline towards the $ 68 area seems plausible, before a potential resumption of its upward momentum.

AAVE / BTC shows price is following a descending resistance line from its August 23 high.

At the time of writing this analysis, the line coincided with the resistance at 0.0045₿, which makes it all the more important. Passing over this area would likely result in a very steep rally.

Technical indicators are bullish, supporting the possibility of a potential rise above resistance.

Thus, after having moved in a range going from 0.0045 0,00 to 0.0032₿, the price of the AAVE token will probably cross above this resistance line.

Research into a common central bank digital currency is a novelty so far.

The central banks of two of the most powerful countries in the Middle East today released their report for a year-long joint project on central bank digital currencies (CBDC).

The result is a song of praise for blockchain technology

The Project But which in 2019 jointly by the United Arab Emirates (UAE) and Saudi Arabia was launched was to explore the goal of the practical use of a digital currency, in order to „new findings in the fields of central digital currencies and To collect blockchain technology ”.

The joint research of two central banks on such a project is a novelty. In this context, the report highlights why the project name „but“ symbolizes the objective of the project:

„We chose the name Aber because it means ‚crossing borders‘ in Arabic, which reflects both the cross-border / international nature of the project and our hope that it will ‚push boundaries‘ in terms of technology.“

The project was divided into three different phases, which gradually expanded the scope of the tests to six banks. A digital currency was used that was tied to real money in order to create “greater seriousness” in the processing of payments and to make the aspect of security all the more important.

The project report concludes that the common central bank digital currency “is not only technically suitable for processing cross-border payments”, but that CBDCs “are a significant improvement over centralized payment systems in terms of resilience”.

Project But was able to meet all the basic requirements for such a payment system:

„The basic requirements were all created, including complex requirements for data protection and decentralization, as well as requirements for minimizing economic risks.“

Finally, the report made recommendations for further research into implementation. These recommendations include, on the one hand, the use of blockchain technology to improve the security of existing payment systems and „open up blockchain-based payment channels“, and on the other hand, the scope of Project But must be expanded to include partners in other regions and other financial products such as for example to include bonds.

In addition to Project Aber, other central banks have also been working on their own digital currencies in recent months. China is probably the fastest moving forward and has already created a legal framework for the digital yuan. Great Britain is meanwhile also trying to sound out the legal requirements for a digital currency, while Brazil has announced that it definitely wants to introduce its own CBDC.

Bitcoin: O que esperar 24 horas versus 24 semanas após as eleições nos EUA

As eleições presidenciais americanas estão próximas de uma conclusão e este evento geopolítico particular tem tido um impacto convencional sobre os mercados nos últimos anos. 2020 é um pouco especial por causa de sua instabilidade econômica geral e, ao contrário da última vez em 2016, Bitcoin está na linha geral Immediate Edge de impacto.

Inicialmente, muitos temiam que uma vitória de Biden levasse a um declínio do mercado de ações, pois o governo controlado pelos democratas estaria empurrando através de aumentos de impostos corporativos e aumento de gastos. Entretanto, tais preocupações diminuíram durante o mês passado.

Agora a principal pergunta era: quanto Bitcoin será afetado?

Logo após os resultados, espera-se que o mercado de ações tradicional reaja, não importa quem ganhe. A S&P 500 mergulhou um pouco antes do fechamento do pregão da semana passada. Bitcoin caiu abaixo de US$ 13.300 também, e considerando que Biden vence as eleições, uma venda mínima de 2-3% era esperada fora do S&P 500. Um abalo temporário para a Bitcoin pode testemunhar uma queda abaixo de $13.000 ou mesmo $12.500, mas não deixará um efeito duradouro.

De acordo com Ed Yardeni, presidente da Yardeni Research, ele esperava que o mercado superasse seu período de baixa por dor e indicou novos máximos anuais para o S&P 500 no final de 2020. Ele especulou que o S&P 500 chegaria a 3.500 mais uma vez e uma meta de US$ 3.800 era esperada em meados de 2021.

Em meio a todos estes fatores, Bitcoin permanece claro. Embora se possa argumentar que o BTC-S&P 500 tem estado menos relacionado ao mês passado, o BTC nunca declinou sempre que o S&P 500 retomou o ritmo.

Trazendo luz ao argumento anterior, aqui está uma tabela de comparação entre Bitcoin e S&P 500. Embora o estoque tradicional tenha caído durante um período em que a BTC aumentou, a BTC nunca enfrentou uma depreciação quando o S&P 500 esteve em alta. Pode ser uma característica vantajosa para a BTC, pois o período pós-eleitoral esclarecerá as políticas econômicas para o país.

Com a ausência de novos eventos geopolíticos no futuro próximo, pode ser um período vital de crescimento do Bitcoin. O ativo já está superando todas as classes de ativos este ano, e 24 semanas (ou seja, 6 meses) após as eleições, a Bitcoin pode provavelmente atingir seu novo recorde histórico.

Ledger wallet holders are the target of a new SMS and email phishing campaign. The scammers refer to a fake site using the image of Ledger to steal funds from their targets.

The information comes to us from blogger Manuel Dorne , better known under the pseudonym Korben , who personally received the fraudulent SMS last night:

Ledger SMS phishing

The SMS proves at first glance quite legitimate, it integrating the name and first name of the recipient, that only Ledger is supposed to know. The message invites the holder of a wallet to go to a fake site, called “ Ledger Report ”, a domain name which refers to another rather suspicious “ Lėdgėr.com ”.

There is all the subtlety, the domain name does not use the letter “ e “ like Ledger, but rather a “ ė “ point above. So, the scam site looks a lot like an official Ledger page, but it isn’t .

Once on the site, the method used by this scam is rather unhealthy. Indeed, this fake page indicates that several customers have been victims of theft of their funds, and that they must therefore add a new passphrase to their wallet.

Then, if a trapped person fills in the recovery phrase from their wallet, crooks can freely access and steal the funds.

Ledger quickly confirmed on Twitter the existence of this scam:

“According to our information, some crooks come into contact with Ledger users through text messages and emails. Never give out the 24 words of your recovery phrase. Ledger will never ask you for them. “

A data breach involved?

Remember, last June Ledger was the target of a massive hack . A hacker had successfully exploited a security hole in order to gain access to the company’s marketing database.

The attacker had thus stolen the email addresses of approximately one million customers . In addition, for 9,500 of the affected customers , information such as last name, first name, postal address, telephone number or products ordered were also stolen.

The link can therefore quickly be made between this phishing campaign and this data leak, the attacker using the information retrieved from this leak to target Ledger wallet holders.

When user RickV3D asks if the scammers got the phone numbers since the data breach , Ledger denied it:

“For some reasons, we can’t explain in more detail so far. There does not appear to be a link to our July e-commerce database leak. „

Bitcoins pris har återhämtat sig efter en kort försäljning som vi såg tidigare idag och fick den att sjunka så lågt som 11 200 dollar

Kryptovalutans senaste styrka har uppstått på grund av sammanflödet av flera faktorer som alla har hjälpt till att driva den högre
Det är dock ungefär $ 1 000 under 2020-topparna som sattes i augusti, och det finns fortfarande en uppsjö av undervattensinvesterare
Data avslöjar att detaljhandelns intresse för att köpa Bitcoin Pro tycktes toppa den 1 augusti, vilket är bara en dag före 13% „flashkrasch“ som skickade BTC sjönk lägre

Även om det sedan dess har återhämtat sig från dessa nedgångar efter kraschen, är det fortfarande nere från sina toppar

Bitcoin och hela kryptomarknaden återhämtade sig från sina senaste nedgångar i morse och signalerade att tjurar inte är redo att ge upp de vinster som de hade samlat under slutet av förra veckan.

Styrkan som den aggregerade marknaden har sett de senaste dagarna har varit lovande, eftersom BTC och många altcoins kunde stänga sina veckostearinljus över flera viktiga nivåer.

En intressant trend att observera är detaljhandelns intresse för Bitcoin, eftersom det verkar som om denna måttstopp sammanföll nära med en kraftig nedgång i BTCs pris.

Detta kan vara avsiktlig manipulation av så kallade „valar“ – hävdar en analytiker.

Bitcoins prisuppgång efter Selloff över natten

I skrivande stund handlas Bitcoin över 2% till sitt nuvarande pris på 11 500 $. Detta markerar en anmärkningsvärd ökning från de senaste nedgångarna på 11 200 dollar som sattes tidigare i morse när björnar steg upp och försökte återställa sin senaste uppåtgående trend.

Det är viktigt att notera att den här lilla retrace var kortlivad och verkar vara det som hjälpte till att gnista den senaste pushen högre.

Nyckelmotståndet att titta på ligger nu på 11 600 dollar, eftersom ett avbrott över denna nivå skulle vara tekniskt viktigt och hjälpa till att katalysera ytterligare fart.

Analytiker: Intresset för detaljhandeln tenderar att toppa innan BTC toppar

En analytiker observerade att detaljhandelns intresse för Bitcoin växte fram till augusti under hela sommaren, då priset nådde sin topp och startade sin konsolideringsfas i flera månader.

Han noterar också att den 13% augusti-flashkrasch som Bitcoin upplevde kom till bara en dag efter att detaljhandelsintresset toppade.

“Detaljhandelns intresse ökade den 1 augusti, dagen innan den 13% flashkraschen … BTC-valar har ingen chill. Välkommen till gemenskapens nya väskainnehavare, sade han medan han hänvisade till Google Trend-data.

Bitcoin

Denna trend, om den fortsätter att vara stark i framtiden, skulle kunna signalera att ansträngningar av samlade intressen föregår stora försäljningar som orsakas av vinstintag från större investerare.

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• XRPL Foundation: Ripple does not turn away from XRP
• Bitcoin Mining continues on the bull’s track – The Opinion-ECHO

A study by the University of Cambridge provides surprising insights into the global mining ecosystem. Is mining really as centralized and environmentally harmful as the general public believes?

Cambridge University published the second Cryptoasset Benchmark Study in December 2018. This study examined topics such as mining, security of technology, regulation and global use of crypto currencies. Over a period of several months, a team from the Cambridge Centre of Alternative Finance collected data from 180 entities. Among them were start-ups, established companies and individuals from 47 different countries.
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Dapper Labs: Invest in Flow Tokens (FLOW) now

News from the CryptoKitties makers

Dapper Labs have started their Flow Blockchain Token Sale. Some of the world’s best developers and major brands are already on board among others (NBA TOP SHOT, UBISOFT, WARNER MUSIC GRUOP).

To the Token Sale

The goal was to analyze new forms of alternative finance. The aim was to create a global snapshot of these emerging ecosystems, which have a strong impact on the established financial system.

The study was particularly insightful in the area of crypto-mining and was able to dispel some doubts. Two major criticisms, centralization and environmental degradation, scored surprisingly well. The study also revealed some other interesting points.

It turned out that the mining ecosystem is more decentralized than previously assumed by the general public. The variables considered were the geographical distribution of the mining centers, the concentration of computing power (hash rate) and the choice of hardware manufacturers. All these factors were more decentralized than a year ago.

According to the study, the most important factors influencing the location of mining centers and pools are favorable electricity, a stable political environment, and friendly crypto-currency regulation. Mining centers and mining-pool operators exist all over the world. However, the fastest growth of these operations has been in the USA and China.

Is Bitcoin Mining really harmful to the environment?

The study showed that miners are aware of the high energy consumption of proof-of-work projects. Nevertheless, they decide not to switch to a consensus principle with lower energy consumption (such as Proof of Stake).

More than half of all mining centers now have renewable energies in their energy mix. Many centers are located in regions that offer low-cost hydroelectric power. Some existing companies are even relocating to these regions.

Furthermore, the analysis of mining pools revealed that ten percent of the miners are responsible for an average of almost 70 percent of the hash rate of a pool. As a rule, one percent owns about one third of the total hash rate of the pool. There is definitely still room for more decentralization.

The market for mining hardware ASICs (application-specific integrated circuits), a form of mining hardware, is also dominated by only a few manufacturers. These devices are manufactured specifically for solving a single algorithm. The proof-of-work algorithms that are most supported are Ethhash, SHA-256 and Equihash. Other mining hardware, such as graphics cards, FPGAs (Field Programmable Gateway Array) and CPUs (Computer Processors), are much more flexible and less centralized.