Trend of centralization in Bitcoin's distributed network

  title={Trend of centralization in Bitcoin's distributed network},
  author={Alireza Beikverdi and Joo-Seok Song},
  journal={2015 IEEE/ACIS 16th International Conference on Software Engineering, Artificial Intelligence, Networking and Parallel/Distributed Computing (SNPD)},
  • Alireza Beikverdi, Joo-Seok Song
  • Published 1 June 2015
  • Computer Science
  • 2015 IEEE/ACIS 16th International Conference on Software Engineering, Artificial Intelligence, Networking and Parallel/Distributed Computing (SNPD)
Bitcoin, a distributed, peer to peer crypto currency, has gained a significant popularity among different users around the world by promising users a fully decentralized network with an inherently independence from governments and without the influence of any central authorities and organizations. Mining is the fundamental concept in Bitcoin which must be done in checking all monetary transactions and verifying them which in return generates Bitcoin as a reward to encourage this work. While the… 

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