Tag: centralization

HitBTC Keeps Receiving a lot of Customer Complaints for Various Reasons

There are hundreds of cryptocurrency exchanges, brokers, and trading platforms. Not all of these companies have a good reputation in this industry. One company getting a lot of backlash is HitBTC. More HitBTC Complaints to add to the List Although the company is providing perfectly legitimate services, customers are often complaining. The latest round of complaints revolves around their KYC procedures affecting some users. It is unclear where this backlash …
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NEO Network Suffered from Transactions Not Being Broadcast Properly

It appears things are going from bad to worse for the NEO ecosystem as of right now. After the recent failure of a consensus node, it seems the blockchain ran into more problems this week. Blocks were generated a very long time apart, which is rather unusual. Some network transactions never arrived at their destinations either. It’s a very worrisome development for the world’s sixth-largest cryptocurrency by market cap. NEO Network …
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Glitched Consensus Node Briefly Cripples NEO Network

Most of the world’s cryptocurrencies are decentralized in many ways. This is especially true when it comes to nodes and other entities which help protect networks. In the case of NEO, it seems one of its remaining points of failure caused a few issues last night. NEO’s Network was Halted Thanks to one Node It is always interesting to see how network nodes perform. As most networks have dozens if not hundreds or …
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Study Shows Bitcoin and Ethereum Are Far Too Centralized Right Now

Whenever new research surfaces regarding Bitcoin and other cryptocurrencies, interesting things are bound to happen. The latest publication of such research on Hacking Distributed points out some interesting aspects of Bitcoin and Ethereum. None of it is actually surprising, but it does show that some things will need to change very soon. That’s especially true in regards to Bitcoin, as it is clearly underutilizing the potential of its technology right now. Addressing Bitcoin’s …
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