Top 10 Altcoins Controlled by the Fewest Wallets—Shocking Stats

Quick Summary:

Bitcoin’s (BTC) decentralization has largely been achieved through its proof-of-work (PoW) consensus method, which allows anybody to participate in the mining process.

However, some altcoins are still struggling to achieve high decentralization as the founding team continues to control the lion’s share of the network.

It refers to the concentration of power, whether through a few entities controlling protocol decisions, a small number of addresses holding most coins, or concentrated… pic.twitter.

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United States

Topics: Altcoins News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 05:18:36 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22304263

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

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Year Established: 2016

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

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