Here's How Bitcoin (BTC) Became Centralized: Explained by Cyber Capital CIO

Here's how Bitcoin $BTC became extremely centralized: Justin_Bons shares his take CyberCapital

Bitcoin , the largest cryptocurrency, has never had a CEO or a formal governance firm that oversees its development. At the same time, it is still vulnerable to centralization and"conflicts of interests," seasoned cryptocurrency researcher says.Despite lacking formal governance institutions and managers, Bitcoin became"extremely centralized" over the past years, claims Justin Bons, CIO of Cyber Capital.

Blockstream and Chaincode Labs are the two companies that benefit the most from the current status quo. They control the majority of developers contributing to Bitcoin Core, Bons added.

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