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Bitcoin’s transaction finality now takes over a week due to mining centralization, developer claims – TON BOT

TON BOT

Bitcoin’s transaction finality now takes over a week due to mining centralization, developer claims

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Bitcoin Core developer Luke Dashjr raised concerns about Bitcoin transaction finality, stating that the six-block confirmation rule no longer holds. Due to centralization of mining pools, it now takes over a week for transactions to finalize, casting doubt on Bitcoin’s resistance to censorship. Industry experts warn of potential censorship and 51% attacks due to dominance of a few mining pools. Some suggest retail investors play a role in restoring decentralization. Daniel Roberts believes Bitcoin’s design allows it to self-regulate over time.

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