This is an opinion editorial by El Sultan Bitcoin, former CEO at Coinspree and current Latin America product marketing manager at Ledn.

How Mining Decentralization Can Be Incentivized

Over a year has elapsed since the great bitcoin mining migration began, when the network experienced a 60%-plus reduction in hash rate due to the Chinese Communist Party’s attack on bitcoin mining. The aftermath of China’s mining ban equated to the United States absorbing a greater part of the hash power that used to be located in mainland China. Hash rate recovered and reached all-time highs again. No questions arise regarding Bitcoin’s resilience here. However, one may ask how network and mining decentralization can be fostered to limit the impact of similar attacks on Bitcoin.

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