RATE Group | Would Coordinated Efforts of Governance Strengthen or Weaken Bitcoin?
42110
wp-singular,post-template-default,single,single-post,postid-42110,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Would Coordinated Efforts of Governance Strengthen or Weaken Bitcoin?

12 Sep Would Coordinated Efforts of Governance Strengthen or Weaken Bitcoin?

Posted at 20:36h in Bitcoin News by

[ad_1]

Recent research suggests that there needs to be coordination between leading providers of cryptocurrency infrastructure products to protect against disruption caused by hard and soft forks. However, previous incidents of network upgrades have only strengthened bitcoin and efforts to govern the protocol raise questions over potential centralization.

Do Leading Industry Participants Need to Attempt to Exercise Governance Over Bitcoin?

According to recent research conducted by Benjamin Trump and others for the ORISE Fellowship , those using cryptocurrencies must improve their ability to preempt beneficial upgrades to protect against instability arising from hard and soft forks. The study has been published in Springer’s Journal, Environment Systems and Decisions.

Trump et al. state that the method by which cryptocurrency software is upgraded could impact the usability and stability of cryptocurrencies going forward. They mention that hard forks to digital assets could cause those using…

[ad_2]

Source link