RE: Steem blockchain breaks 1,000,000 transactions!

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Steem blockchain breaks 1,000,000 transactions!

in record •  7 years ago 

81% of the block production for ETH is controlled by 5 mining pools...that is not the picture of a blockchain that is "totally decentralized".

https://etherscan.io/stat/miner?range=7&blocktype=blocks

As far as the possibility of Steemit Inc to dictate which top witnesses get elected that is a possibility but so far the stake in the @steemit account (which has about 75% of their total stake) has not been used for that purpose.

For Steemit to dump their stake on the market they would first need to power down. That will take 3 months to accomplish...no one would be taken by surprise.

record
7 years ago by

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