How Does Decentralization of Hashrate Distribution Contribute to Network Security?
Decentralization of hashrate means that the total mining power is spread across many independent miners and pools globally. This distribution prevents any single entity from gaining the 51% control needed for a malicious attack.
A highly decentralized network ensures that the economic cost of coordinating and executing an attack across multiple independent actors is prohibitively high, reinforcing the network's security.
Glossar
Decentralization of Hashrate Distribution
Distribution ⎊ This refers to the spatial and organizational dispersion of the computational resources dedicated to securing a Proof-of-Work network.
Distribution
Allocation ⎊ The distribution, within cryptocurrency derivatives and options markets, fundamentally describes the apportionment of risk and reward across various instruments or participants.
Hashrate
Definition ⎊ Hashrate represents the total computational power per second that a miner or the entire network dedicates to solving cryptographic puzzles in a Proof of Work blockchain.